The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Month January February March April May June July August September Blood Tests Blood Test Performed Costs 4,360 $35,310 5,500 $41,950 3,450 $28,626 3,140 $26,262 3,282 2,400 2,918 3,700 4,080 $27,961 $21,800 $24,723 $30,116 $33,250 Required: . Using the high-low method, estimate the cost formula for blood tests. (Round cost per unit answer to 2 decimar places.)
The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Month January February March April May June July August September Blood Tests Blood Test Performed Costs 4,360 $35,310 5,500 $41,950 3,450 $28,626 3,140 $26,262 3,282 2,400 2,918 3,700 4,080 $27,961 $21,800 $24,723 $30,116 $33,250 Required: . Using the high-low method, estimate the cost formula for blood tests. (Round cost per unit answer to 2 decimar places.)
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 4MAD
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