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Q1: The behavior of using the high-low method to estimate hospital management costs is based on the number of patients in the relevant range (estimated
Q1: The behavior of using the high-low method to estimate hospital management costs is based on the number of patients in the relevant range (estimated between 1200 and 2400 patients). Use equations to express this method of estimating results and comment on the results.
Q2, Explain the 3 different types of cost behavior (variable, fixed and mixed costs) and why it is important to identify and understand them?
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