Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the number of blood tests performed and the relate

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

60.1K

Verified Solution

Question

Accounting

image
The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: 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 5,310 blood tests are performed? (Round your intermediate calculations answer to 2 decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

What is the diameter of a hemisphere with a volume of 5078 m, to the...

Finance
1.2K views

Below are the year-end balance sheets for Lowell Enterprises: Assets: 2018 2017 Cash $   200,000 $   170,000 Accounts receivable 864,000 700,000 Inventories 2,000,000 1,400,000     Total current assets $3,064,000 $2,270,000 Net fixed...

Medical Sciences
1.2K views

discuss diets and the consumer need to understand proper energy balance.

Physics
1.2K views

Two charged proteins P1 and P2 are located at positions (1m,1m) and (-1m,1m) respectively on a...

General Management
1.2K views

An employee is fired for writing a letter to the newspaper complaining about the employer’s merchandise...

Accounting
1.2K views

Journal entry On November 1, the company received $10,200 cash for 6 months rent in...

Accounting
1.2K views

Part II - Transfer of Assets to a Corporation (35 points)...

Accounting
1.2K views

G-tdci1 Corporation's current year income statement, comparative balance sheets, and additional information follow. For the...

Accounting
1.2K views

Describe the role of accounting standards, and the difficulties caused by countries using different accounting...

Accounting
1.2K views

Nenemin Tendiri Co operates in a bakery industry for five years. There are some internal...

Accounting
1.2K views

i just need help on the sales mix and target profit sections

Finance
1.2K views

An ARM is made for $205,000 for 30 years with the following terms: ...