Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me identify the correct answers and the reason as to why, for the question below, so I can better understand the material. The

Please help me identify the correct answers and the reason as to why, for the question below, so I can better understand the material.

image text in transcribed

The Surgical Care Unit of Silver Care Health Group uses the high-low method to predict its total surgical unit supplies costs. It appears that nursing hours worked is a good predictor of surgical unit supplies costs in the unit. The supervisor for the unit has gone through the records for the past year and has found that June had the fewest nursing hours worked at 950 hours, while September had the most nursing hours worked at 1,480 hours. In June, total surgical unit supplies cost $31,000 and in September, total surgical unit supplies cost $41,600. If plans for the Surgical Care Unit call for 975 nursing hours to be worked next month, what is the expected surgical unit supplies cost for the month? TIIST Jency Me Tomuia and Calculate me vallavie COST Component siope). Change in costs Change in volume = Variable cost per unit 10,600 530 = $ 20.00 Next identify the formula and compute the fixed cost component (the vertical intercept) using the costs for the highest level of activity. Total mixed (overhead) cost Total variable cost Total fixed costs $ 41,600 29,600 12,000 Complete the Surgical Care Unit of Silver Care Health Group's operating cost equation. y = $ | x + $

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

Financial and Managerial Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

11th Edition

9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895

More Books

Students also viewed these Accounting questions