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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 Y = Blood Tests Blood Test Costs $34,536 $44,370 $29,867 $27,818 $29,186 $23,930 $26,296 Performed 5,065 6,950 4,360 4,040 4,170 3,300 3,810 4,630 4,810 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 X 2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 4,590 blood tests are performed? (Round your intermediate calculations answer to 2 decimal places.) $ $31,128 $32,866 0 he 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 forrhula 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 4.590 plood tests are performed? (Round your intermediate calculations answer to 2 decimal places.)
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 Y = Blood Tests Blood Test Costs $34,536 $44,370 $29,867 $27,818 $29,186 $23,930 $26,296 Performed 5,065 6,950 4,360 4,040 4,170 3,300 3,810 4,630 4,810 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 X 2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 4,590 blood tests are performed? (Round your intermediate calculations answer to 2 decimal places.) $ $31,128 $32,866 0
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