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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: Month January February March
The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Month January February March April May June July August September Blood Tests Performed 5,47 6,800 5,050 4,236 4,516 3,600 4,102 4,910 5,270 Blood Test Costs $ 26,061 $ 29,900 $ 23,782 $ 20,716 $ 22, 242 $ 18,700 $ 19,993 $ 23,195 $ 25,017 Required: 1. Using the high-low method, estimate the cost formula for blood tests. (Round cost per unit answer to 2 decimal places.) Ilan Lantai..bei Led... La- Riia Ann 2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 4,430 blood tests are performed? (Round your intermediate calculations answer to 2 decimal places.) Variable cost Fixed cost Total cost $ 0
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