The following cost formula was developed using monthly data for a hospital. Total cost = $51,400 +
Question:
The following cost formula was developed using monthly data for a hospital.
Total cost = $51,400 + ($125 × Number of patient days)
The term ‘‘Number of patient days’’
a. is the variable rate.
b. is the intercept.
c. is the dependent variable.
d. is the independent variable.
e. cannot be determined from the above formula.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
d is the independent variable The term Number of patient ...View the full answer
Answered By
BillClinton Muguai
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
Question Posted:
Students also viewed these Business questions
-
The following cost formula was developed using monthly data for a hospital. Total cost = $51,400 + ($125 Number of patient days) The term $125 a. is the variable rate. b. is the intercept. c. is the...
-
The following cost formula was developed using monthly data for a hospital. Total cost = $51,400 + ($125 Number of patient days) The term Total cost a. is the variable rate. b. is the intercept. c....
-
The following cost formula was developed by using monthly data for a hospital. Total cost = $51,400 + ($125 Number of patient days) The term $51,400 a. is the variable rate. b. is the intercept. c....
-
37) Because of inability to pay its debts, the Lou Gi Manufacturing Company has been forced into bankruptcy as of April 1, 20x7. The balance sheet on the date shows: Assets Cash Accounts Receivable...
-
What requirements must be met for stock to be considered Sec. 1244 stock?
-
Describe how the pretax operating cash flow break-even point is related to the economic break-even point.
-
Find the global stiffness matrix of each of the four bar elements of the truss shown in Fig. 12.5 using the following data: Nodal coordinates: \(\left(X_{1}, Y_{1} ight)=(0,0) \mathrm{m},\left(X_{2},...
-
Pat Corporation paid $5,000,000 for Saw Corporation's voting common stock on January 2, 2011, and Saw was dissolved. The purchase price consisted of 100,000 shares of Pat's common stock with a market...
-
Describe the five characteristics of effective team members according to Patrick Lencioni. What are some ways that we discussed in class to developing an effective team?
-
The Davis Lamp Company (DLC) is a wholesale company that purchases lamps from the manufacturer and resells them to retail stores. The company has three inventory items: desk lamps, table lamps, and...
-
Which of the following would probably be a fixed cost in an automobile insurance company? a. Application forms b. Time spent by adjusters to evaluate accidents c. The salary of customer service...
-
The following cost formula for total purchasing cost in a factory was developed using monthly data. Purchasing cost =$123,800 + ($15 Number of purchase orders) Next month, 2,000 purchase orders are...
-
Describe the anatomy of a midlatitude cyclone. What are the precipitation patterns associated with its warm and cold fronts?
-
Inventories Most inventories owned by Deere & Company and its U.S. equipment subsidiaries are valued at cost, on the last-in, first-out (LIFO) basis. Remaining inventories are generally valued at the...
-
6. On January 1, 2014, Brenner Company sold at face value, a $1,000, 6% bond that pays interest semiannually on July 1 and January 1. Brenner Company has a calendar year end. The entry for the first...
-
U7DB Marketing Research Experience Data Analysis The ability to design a credible study is of great importance in the career of a marketing researcher. What is some secondary research regarding the...
-
The Garcia Industries balance sheet and income statement for the year ended Year 1 are as follows: Balance Sheet (in Millions of Dollars) Assets Liabilities and Stockholders' Equity Cash $5.0...
-
Ex 3 Presented below are the amounts in Chinco Co. major Income Statement components. Warren uses the perpetual method. Determine the missing amounts. Example 3 Sales Example 1 $85,000 Example 2...
-
Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: Standard Cost per 100 Two-Liter Cost...
-
The Taylor's series expansion for cosx about x = 0 is given by: where x is in radians. Write a user-defined function that determines cosx using Taylor's series expansion. For function name and...
-
Based on the data in Exercise 23-10, assume that management has established a 15% minimum acceptable rate of return for invested assets. a. Determine the residual income for each division. b. Which...
-
One item is omitted from each of the following computations of the rate of return on investment: Determine the missing items, identifying each by the appropriateletter. Rate of return on investment =...
-
The condensed income statement for the New England Division of Eastern Gas Co. is as follows (assuming no service department charges): Sales .............. $700,000 Cost of goods sold ...........
-
Martin Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year is as follows: Actual manufacturing overhead Estimated...
-
$ 719,000 280,000 439,000 150,400 Joyner Company's income statement for Year 2 follows: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating...
-
FIFO and LIFO costs under perpetual inventory system The following units of an item were available for sale during the year: Beginning inventory 22 units at $44 Sale 18 units at $62 First purchase 18...
Study smarter with the SolutionInn App