Question
The number of X-rays taken and X-ray costs over the last nine months in a hospital are given below: Month X-Rays Taken X-Ray Costs January
The number of X-rays taken and X-ray costs over the last nine months in a hospital are given below:
Month X-Rays Taken X-Ray Costs
January 6,250 $28,000
February 7,000 $29,000
March 5,000 $23,000
April 4,250 $20,000
May 4,500 $22,000
June 3,000 $17,000
July 3,750 $18,000
August 5,500 $24,000
September 6,750 $28,500
Using the high-low method, what is the hospitals estimated monthly fixed X-ray cost?
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Advanced Financial Accounting
Authors: Richard E. Baker, Valdean C. Lembke, Thomas E. King
5th Edition
0072444126, 978-0072444124
