Question: The following cost formula was developed by using monthly data for a hospital. Total Cost $128,000,000 + ($12,000 x Number of Patient Days) In the

The following cost formula was developed by using monthly data for a hospital. Total Cost $128,000,000 + ($12,000 x Number of Patient Days) In the cost formula, the term $12,000 Oa. is the gross margin per unit, Ob. is the dependent variable, c. is the independent variable. Od. is the variable rate. Oe. None of these choices are correct, Feedback Check My Work Review cost equation. The total cost formula consists of fixed costs (constant) anc the y-intercept. Variable costs reflect the slope. Dependent variable is the cost be Check My Work 2 more Check My Work uses remaining. All work saved

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

SMG Sound Co. must select a manufacturing process for its new speaker sets, SM-5, from two different process alternatives ( X and Y ). Each speaker set will be sold for $120. The following cost data...

\section*{2-4 The following cost formula was developed by using monthly data for a hospital.} \[\text { Total cost }=\$ 41,670+(\$ 350 \times \text { Number of patient days })\] The term " \(\$...

The following cost formula was developed by using monthly data for a hospital.} \[\text { Total cost }=\$ 41,670+(\$ 350 \times \text { Number of patient days })\] The term " $\$ 41,670$ " a. is...

The following cost formula was developed by using monthly data for a hospital. Total Cost = $128,000,000 + ($12,000 x Number of Patient Days) In the cost formula, the term "Number of patient days"...

Print Item The following cost formula was developed by using monthly data for a hospital. Total Cost = $128,000,000 + ($12,000 x Number of Patient Days) In the cost formula, the term "Total cost" Oa....

The following cost formula was developed by using monthly data for a hospital. Total Cost = $128,000,000 + ($12,000 x Number of Patient Days) In the cost formula, the term "Total cost" a.is the...

he following cost formula was developed by using monthly data for a hospital. Total cost = $51,400 + ($125 x Number of patient days) In the cost formula, the term $51,400 a. is the dependent...

The following cost formula was developed by using monthly data for a hospital. Total Cost = $128,000,000 + ($12,000 x Number of Patient Days) In the cost formula, the term $12,000 a. is the...

3 - 3 Which of the following would probably be a fixed cost in an automobile insurance company? a . Application forms d . All of these b . The salary of customer service e . None of these...

1. A factor that causes or leads to a change in a cost or activity is a (n) a. Driver. b. Intercept. c. Slope. d. Variable term. e. Cost object. 2. Which of the following would probably be a variable...

Franchise contracts are complex contractual arrangements with many parts. Instructions Writing Assignments 369 Access the Accounting Guideline (AcG) 2 Franchise Fee Revenue from the Canadian...

What is the primary difference between Auto and Manually scheduled settings in Microsoft Project?

Write True or False for each statement. a A square is a special rectangle. b A trapezium is a special parallelogram. C A rhombus is a special parallelogram. d A rhombus is a special kite.

2) You have been the finance director of a Diwan Silks LLC Sohar, for ten years. Its yearend is 31st December 2019, and you are finalizing the year end accounts. You have recently been advised by the...

Quickly buys into the common agenda of agreed business goals, working for the overall benefit of the business.

Shows personal flexibility and an ability to adapt quickly to changing business conditions. Achieving results

Demonstrates resilience and personal stamina in their drive towards achieving results.