The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Blood Tests Blood Test Performed Costs 3,970 $31,500 4,550 $35,040 $25,827 Month January February March April May June July August September Y= 3,195 2,840 2,905 2,100 2,655 Required: 1. Using the high-low method, estimate the cost formula for blood tests. (Round cost per unit answer to 2 decimal places.) + Variable cost Fixed cost Total cost 3,845 3,620 X 2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 3,350 blood tests are performed? (Round your intermediate calculations answer to 2 decimal places.) $ $23,196 $24,276 $18,380 $21,718 $30,168 $29,256 0

The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Required: 1. Using the high-low method, estimate the cost formula for blood tests. (Round 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 3,350 blood tests are performed? (Round your intermediate calculations answer to 2 decimal places.)