Refer to the data in Exercise 3€“2 for the Halifax General Hospital.

In exercise

Required:
1. Using the high€“low method, estimate the fixed cost of admitting patients per month and the variable cost of admissions per patient.
2. What factors other than the number of patients admitted are likely to affect changes in admitting department costs from month to month?

Number of Patients Admitted Admitting Department Costs 9 Month 3,600 3,800 $29,400 $30,400 $27,400 $28,000 $28,600 $26,200 May August September 3,200 November $25,600 $29,200 3,500