![ine months in Brendline EXERCISE 3-8 High-Low Method; Predicting Cost |L02] The number of blood tests performed and the relat](http://img.homeworklib.com/questions/048d43c0-7152-11ea-a5ba-f975a86b9dce.png?x-oss-process=image/resize,w_560)
Homework Answers
| Blood | cost | ||||
| Test | |||||
| High | 3,500 | 14,500 | |||
| low | -1,500 | -8,500 | |||
| total | 2,000 | 6,000 | |||
| Variable cost per unit | 6000/2000 | ||||
| 3 | |||||
| Fixed cost = | 14,500-3500*3 | ||||
| 4000 | |||||
| 1) | Cost Formula | ||||
| Y= | 4000 | + | 3x | ||
| 2) | total cost = 4000+2300*3 | ||||
| 10900 | |||||
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ine months in Brendline EXERCISE 3-8 High-Low Method; Predicting Cost |L02] The number of blood tests...
The number of blood tests performed and the related costs over the last nine months in...
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The data below have been taken from the cost records of the Halifax General Hospital. The data relate to the costs of admitting patients at various levels of patient activity: Month May June July August September October November December Number of Patients Admitted 3,600 3,800 2,900 3,200 3,300 2,600 2,200 3,500 Admitting Department Costs $ 29,400 $ 30,400 $ 27,400 $ 28,000 $ 28,600 $ 26, 200 $ 25,600 $ 29,200 Required:...
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Exercise 3-6
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