Solution-What blood test costs would you expect to be

What blood test costs would you expect to be incurred

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Reference no: EM133106923

Question - The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below:

Month	Blood Tests Performed	Blood Test Costs
January	4,625	$81,516
February	7,750	$119,450
March	4,125	$74,504
April	3,680	$68,748
May	3,915	$72,178
June	3,000	$60,550
July	3,455	$65,688
August	4,725	$81,704
September	4,785	$83,164

Required -

1. Using the high-low method, estimate the cost formula for blood tests.

2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 4,270 blood tests are performed?

Reference no: EM133106923

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What blood test costs would you expect to be incurred

Reference no: EM133106923

Reference no: EM133106923

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