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The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Blood Test Costs s55,173
The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Blood Test Costs s55,173 s 79,808 $47,882 $ 39,13 s 42,286 $ 32,268 $ 37,516 $ 50,679 49,544 Blood Tests Performed Month anuary February March April May une July August September 4,345 6,586 3,778 3, 938 3,258 2,480 2,980 4,825 3,888 Requlred: 1. Using the high-low method, estimate the cost formula for blood tests. (Rund cost per unit answer to 2 decimal places.) 2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 3,670 blood tests are performed? (Round your Intermedlete calculatlons answer to 2 declmal places.) Variable cost Fixed cost Total cost
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