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The data below have been taken from the cost records of the Halifax General Hospital. The data relate to the costs of admitting patients at

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The data below have been taken from the cost records of the Halifax General Hospital. The data relate to the costs of admitting patients at various levels of patient activity: Number of Patients Admitted 3.600 Month May Admitting Department Costs $ 29,400 50.400 $ 27.400 $ 28,000 $ 28,600 $ 26, 20 June July August September October November December 2. 3. See 2.600 3.500 $ 29.200 Required: 1. Using the high-low method estimate the fived cost of admitting patients per month and the variable cost of admissions per patient Foxed cost Variable cost element

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