Multiple Choice High activity level (September) Low activity level (May) Using the high-low method, what would be the estimated maintenance cost in a month with 2,690 patient-days? O $9,656 $9,428 $8,386 Patient-Days 3,500 2,500 $6,228 Maintenance Cost $ 10,400 $ 9,200 $

Multiple Choice High activity level (September) Low activity level (May) Using the high-low method, what would be the estimated maintenance cost in a month with 2,690 patient-days? O $9,656 $9,428 $8,386 Patient-Days 3,500 2,500 $6,228 Maintenance Cost $ 10,400 $ 9,200 $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Multiple Choice
High activity level (September)
Low activity level (May)
Using the high-low method, what would be the estimated maintenance cost in a month with 2,690 patient-days?
O
$9,656
$9,428
$8,386
Patient-Days
3,500
2,500
$6,228
Maintenance Cost
$ 10,400
$ 9,200
$

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Step 1: Introduce to variable cost and fixed cost

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Step 2: Working for variable maintenance cost per patient day and fixed maintenance cost

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Step 3: Working for estimated maintenance cost at 2,690 patient day

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