The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Blood Tests Blood Month Performed Test Costs $ 67,499 $ 88,980 $ 61,488 $ 53,446 $ 55,339 $ 44,140 $ 49,428 $ 64,665 $ 64,181 5,215 January February March 7,100 4,770 4,120 4,215 3, зе 3,790 5,045 4,955 Аpril Мay June July August September Required: 1. Using the high-low method, estimate the cost formula for blood tests. (Round cost per unit answer to 2 decimal places.) Y = |x

The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Blood Tests Blood Month Performed Test Costs $ 67,499 $ 88,980 $ 61,488 $ 53,446 $ 55,339 $ 44,140 $ 49,428 $ 64,665 $ 64,181 5,215 January February March 7,100 4,770 4,120 4,215 3, зе 3,790 5,045 4,955 Аpril Мay June July August September Required: 1. Using the high-low method, estimate the cost formula for blood tests. (Round cost per unit answer to 2 decimal places.) Y = |x

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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