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Submit The number of blood tests performed and the related costs over the last nine...

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Accounting

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Submit The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Blood Tests Performed Blood Test Costs Month January February March $35,310 $ 41,950 $ 28,626 $ 26,262 $ 27,961 $ 21,800 $ 24,723 $ 30,116 $ 33,250 4,360 5,500 3,450 April May 3,140 3, 282 2,400 June July August September 2,918 3,700 4,080 Required: 1. Using the high-low method, estimate the cost formula for blood tests. (Round cost per unit answer to 2 decimal places.) 2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 3,290 blood tests are performed? (Round your intermediate calculations answer to 2 decimal places.) Variable cost Fixed cost 0. Total cost

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