Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ma excel please The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Blood

Ma excel please

image text in transcribed
The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Blood Tests Blood Test Month Performed Costs January 3,970 $31, 500 February 4, 550 $35, 040 March 3, 195 $25, 827 April 2, 840 $23 , 196 May 2, 905 $24, 276 June 2, 100 $18, 380 July 2, 655 $21, 718 August 3, 845 $30 , 168 September 3, 620 $29, 256 Required: 1. Using the high-low method, estimate the cost formula for blood tests. Write the cost formula and your calclations on your worksheet. (Round cost per unit answer to 2 decimal places.) 2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 3,350 blood tests are performed? (Round your intermediate calculations answer to 2 decimal places.) Variable cost Fixed cost Total cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Hospitals What They Are And How They Work

Authors: Don Griffin, Donald J Griffin

3rd Edition

076372758X, 9780763727581

More Books

Students also viewed these Accounting questions