45) Let's say thất yo u work for a doctor's office and have used the simple regression method and have calculated the following cost information regarding overhead - Variable cost per patient seen - $70 Fixed costs for the month - $20,000 Average number of patients seen each month - 800 R-Square value - 0.897 Using that information, what is the average TOTAL overhead cost per patient seen ?

45) Let's say thất yo u work for a doctor's office and have used the simple regression method and have calculated the following cost information regarding overhead - Variable cost per patient seen - $70 Fixed costs for the month - $20,000 Average number of patients seen each month - 800 R-Square value - 0.897 Using that information, what is the average TOTAL overhead cost per patient seen ?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 7MCQ

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