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The administrator of Azalea Hills Hospital would like a cost formula linking the administrative costs involved in admitting patients to the number of patients admitted

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The administrator of Azalea Hills Hospital would like a cost formula linking the administrative costs involved in admitting patients to the number of patients admitted during a month. The Admitting Department's costs and the number of patients admitted during the immediately preceding eight months are given in the following table: Number of Patients Admitted ' dmitting Department Costs 1,800 $14,700 14,200 13,700 Required: a) Using the high-low method, develop a cost mction in form of TC = F + V * Q for Azalea Hills Hospital, where TC is Total Admitting Department Cost, and Q is Number of Patients Admitted. b) Estimate Admitting Department cost for January if the hospital admits 1,865 patients

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