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just need answer St. Mark's Hospital contains 600 beds. The occupancy rate varles between 60% and 90% per month, but the average occupancy rate is
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St. Mark's Hospital contains 600 beds. The occupancy rate varles between 60% and 90% per month, but the average occupancy rate is generally 80%. In other words, on average 80% of the hospital's beds are occupled by patients. At this level of occupancy, the hospital's operating costs are $47 per occupied bed per day, assuming a 30 day month. This $47 lique contains both variable and fixed cost elements. This average cost figure drops to $44 when the occupancy rate is 90% (typically during the months of July and August) During June, the hospital's occupancy rate was only 60% and a total of $656,400 in operating costs was incurred during the month Required: 1-o. Using the high low method, estimate the variable cost per occupied bed on a dally banks. (Round your answer to 3 decimal places.) Variable cost 20.000 por bed day 3 decimal places required. 1-b. Using the high low method, estimate the total fixed operating costs per month. (Do not round intermediate calculations.) Total fixed operating costs $ 388 800 per month 2. Assume an occupancy rate of 70% per month. What amount of total operating cost would you expect the hospital to incur? (Do not Prey 1 of 1 Next Required: 1-o. Using the high-low method estimate the variable cost per occupied bed on a daily basis. (Round your answer to 3 decimal places.) Variable cost 20.000 por bed day 3 decimal places required. 1-b. Using the high-low method, estimate the total fixed operating costs per month (Do not round intermediate calculations.) Total food operating costs $ 388,800 per month 2. Assume an occupancy rate of 70% per month. What amount of total operating cost would you expect the hospital to incur? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) $ 640.800 Total expected costs Step by Step Solution
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