The Hospital La Salud forthe following data on electricity costs and the number of patients permonth of the last year for you to develop a cost function.Electricity costs$5,5005,800Patients1,8362,1002,9141,2581,0251,4162,9652,6921,038MonthsJanuaryFeb6,2004,3254,0254,4456,5005,8903,9003,7003,9904,998SeaAprilMayJunJulAugSetpOct950Nov1,100Dec1,564Requirements:1.Using the High Low Method determine the FIXED COST AND VARIABLE COST2.EXPRESS THE COST FUNCTIONSUPPOSE FOR THE FIRST TRIMESTRE OF THE ANUS, YOU HAVE PROJECTED THE FOLLOWINGNUMBERS OF PATIENTS: January 2,985/ Feb 3,250/ March 4,950Present the total cost for each projected month.3.4.Present the above using the DATA ANALYSIS TOOL in EXEL

The Numerical has covered the concept of High Low Method. The High Low method is a technique of Cost…

The Hospital La Salud forthe following data on electric month of the last year for you to develop a cost function. Electricity costs $5,500 5,800 Months Patients 1,836 2,100 2,914 1,258 1,025 1,416 2,965 2,692 1,038 January Feb 6,200 4,325 4,025 4,445 6,500 5,890 3,900 3,700 3,990 4,998 Sea April May Jun Jul Aug Setp Oct 950 1,100 1,564 Nov Dec Requirements: Using the High Low Method determine the FIXED COST AND VARIABLE COST EXPRESS THE COST FUNCTION SUPPOSE FOR THE FIRST TRIMESTRE OF THE ANUS, YOU HAVE PROJECTED THE FOLLOWIN NUMBERS OF PATIENTS: January 2,985/ Feb 3,250/ March 4,950 Present the total cost for each projected month. 1. 2. 3.

The Hospital La Salud forthe following data on electric month of the last year for you to develop a cost function. Electricity costs $5,500 5,800 Months Patients 1,836 2,100 2,914 1,258 1,025 1,416 2,965 2,692 1,038 January Feb 6,200 4,325 4,025 4,445 6,500 5,890 3,900 3,700 3,990 4,998 Sea April May Jun Jul Aug Setp Oct 950 1,100 1,564 Nov Dec Requirements: Using the High Low Method determine the FIXED COST AND VARIABLE COST EXPRESS THE COST FUNCTION SUPPOSE FOR THE FIRST TRIMESTRE OF THE ANUS, YOU HAVE PROJECTED THE FOLLOWIN NUMBERS OF PATIENTS: January 2,985/ Feb 3,250/ March 4,950 Present the total cost for each projected month. 1. 2. 3.

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 4MCQ: In the cost formula, the term 128,000,000 a. is the total variable cost. b. is the dependent...

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The Hospital La Salud forthe following data on electricity costs and the number of patients per
month of the last year for you to develop a cost function.
Electricity costs
$5,500
5,800
Patients
1,836
2,100
2,914
1,258
1,025
1,416
2,965
2,692
1,038
Months
January
Feb
6,200
4,325
4,025
4,445
6,500
5,890
3,900
3,700
3,990
4,998
Sea
April
May
Jun
Jul
Aug
Setp
Oct
950
Nov
1,100
Dec
1,564
Requirements:
1.
Using the High Low Method determine the FIXED COST AND VARIABLE COST
2.
EXPRESS THE COST FUNCTION
SUPPOSE FOR THE FIRST TRIMESTRE OF THE ANUS, YOU HAVE PROJECTED THE FOLLOWING
NUMBERS OF PATIENTS: January 2,985/ Feb 3,250/ March 4,950
Present the total cost for each projected month.
3.
4.
Present the above using the DATA ANALYSIS TOOL in EXEL

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