Dewine Medical wants to analyze its revenue per patient day. A patient day is one patient staying for one day. The following information has been provided to you:

Required
A. Determine the revenue formula using the high/ low method.
B. What is the estimated revenue if 600 patient days are used?
C. What is the estimated revenue if 700 patient days are used?

Transcribed Image Text:

Period Revenue $20,325 19,829 20,035 17,805 18,895 18,466 Patient Days 768 702 565