Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Nancy Jackson owns and operates a home health care agency. She reported the following cost information for the first four months in 2019. Home Visits
Nancy Jackson owns and operates a home health care agency. She reported the following cost information for the first four months in 2019. Home Visits 13,000 18,000 23,000 28,000 Employee wages ? $ 342,000 $ 437,000 $ 532,000 Billing services ? $ 73,800 $ 93,800 $ 113,800 Medical supplies $ 117,000 $ 162,000 $ 207,000 ? Insurance ? $ 15,000 ? $ 15,000 Identify each of the following costs as fixed, variable, or mixed. Items Type of Cost Employee wages Mixed Cost Billing services Variable Cost Medical supplies Variable Cost Insurance Fixed Cost Calculate the missing values. (Round per visit hour to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 5,725.) Home Visits 13,000 18,000 23,000 28,000 Employee wages $ $ 342,000 $ 437,000 $ 532,000 Billing services $ $ 73,800 $ 93,800 $ 113,800 Medical supplies $ 117,000 $ 162,000 $ 207,000 $ Insurance $ 15,000 $ 15,000 $ 15,000 $ 15,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started