Weber Valley Regional Hospital has collected data on all of its activities for the past 16 months. Data for cardiac nursing care follow:

Required:

In the computations below, use intercepts rounded to the nearest whole number and use X variable coefficients rounded to 2 decimal places.

Using the high-low method, calculate the variable rate per hour and the fixed cost for the nursing care activity. Enter negative answers with a minus sign.

Y

=

$

+

$ X

 

Transcribed Image Text:

Y X Cost Hours of Nursing Care May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 $59,600 57,150 1,400 1,350 1,460 61,110 65,800 1,600 1,700 1,550 1,200 1,600 1,800 1,330 1,700 1,600 1,400 1,550 1,505 69,500 64,250 52,000 November 2013 66,000 83,000 66,550 79,500 76,000 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 68,500 73,150 73,175 66,150 1,290 Y X Cost Hours of Nursing Care May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 $59,600 57,150 1,400 1,350 1,460 61,110 65,800 1,600 1,700 1,550 1,200 1,600 1,800 1,330 1,700 1,600 1,400 1,550 1,505 69,500 64,250 52,000 November 2013 66,000 83,000 66,550 79,500 76,000 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 68,500 73,150 73,175 66,150 1,290