The number of X-rays taken and X-ray costs over the last nine months in Beverly Hospital are given below:

Required:
1. Using the high-low method, estimate the cost formula for X-ray costs.
2. Using the cost formula you derived above, what X-ray costs would you expect to be incurred during a month in which 4,600 X-rays aretaken?

Transcribed Image Text:

Month X-Rays Taken X-Ray Costs January February. March $17,000 August September