The following cost formula was developed by using monthly data for a hospital. Total cost = $51,400

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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. is the dependent variable.
d. is the independent variable.
e. cannot be determined from the above formula.

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Cornerstones of Managerial Accounting

ISBN: 978-0324660135

3rd Edition

Authors: Mowen, Hansen, Heitger

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Question Posted: Aug 20, 2022 03:33 AM

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The following cost formula was developed by using monthly data for a hospital. Total cost = $51,400

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b is the intercept The term 51400 in the cost formula is the yintercept of ...View the full answer

Cornerstones of Managerial Accounting

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