Question: The graph below shows monthly data collected on facilities maintenance department costs and on the number of patient-days serviced over the past year. 50000 Line

The graph below shows monthly data collected on facilities maintenance department

The graph below shows monthly data collected on facilities maintenance department costs and on the number of patient-days serviced over the past year. 50000 Line of Best Fit 45000 40000 35000 30000 DEPARTMENT COSTS 25000 20000 15000 10000 5000 1000 2000 3000 4000 NUMBER OF PATIENT-DAYS 5000 (1 mark) a) What is the estimated total fixed cost? b) Using o & 3,000 patient-days, calculate the variable cost per patient-day (3 marks) (2 marks) c) What would be the cost function for the entity? d) What is the total cost at an activity level of 6,000 customer patient-days? (2 marks)

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!

i need help with this please PART B The graph below shows monthly data collected on facilities maintenance department costs and on the number of patient-days serviced over the past year. 50000 Line...

Assignment #1- Mini Case/Problem (Group Assignment) Assignment #1is centred on the topic "Cost Classification", which is covered in Unit 2 and speaks to the following course objectives Course...

The graph below shows monthly data collected on facilities maintenance department costs and on the number of patient-days serviced over the past year. 50,000 45,000 Maintenance Department Costs...

PART B The graph below shows monthly data collected on facilities maintenance department costs and on the number of patient-days serviced over the past year. 50000 Line of Best Fit 45000 40000 2...

i meed part b andwered PART A Miller Corporation is a manufacturer of precision drill bits. The following information pertains to operations during the 2018 calendar year. Sales Revenue Direct...

PART A Miller Corporation is a manufacturer of precision drill bits. The following information pertains to operations during the 2018 calendar year. Sales Revenue Direct Factory Labor $13.075,000...

The graph below shows monthly data collected on facilities maintenance didepartment costs and on the number of patient-days serviced over the past year. The cost function would be stated as: a....

The graph below shows monthly data collected on facilities maintenance department year 50,000 WEE 45000 49,000 35.000 30.000 Maintenance Department Costs 25.000 30,000 15.000 10,000 5.000 1,000 2.000...

I would like to have the answers for question 1 thru 64 please ACCA 310 FALL 2015 ASSIGNMENT QUIZ CHAPTERS 7 TO 10 Multiple Choice: 1. The financial budget includes a. only the capital budget and the...

I would like have the answers for questions 65 - 130 ACCA 310 FALL 2015 ASSIGNMENT QUIZ CHAPTERS 7 TO 10 Multiple Choice: 1. The financial budget includes a. only the capital budget and the cash...

Shortly before a representation election, an employer convened a series of meetings with its security officers. At these focus meetings, high-level managers discussed the union campaign and asked the...

Administrators at a university are planning to offer a summer seminar. It costs $3000 to reserve a room, hire an instructor, and bring in the equipment. Assume it costs $25 per student for the...

Assume that you are a portfolio manager. You manage a mutual fund with an expected return of 2 2 % and a standard deviation of 3 3 % . The T - bill rate ( risk - free rate ) is 6 % . Client - A...

A random sample of 43 biology students in a science program are selected for a study. Of those selected, only 27 passed the mid term exam. At the 5% significance level, is there sufficient evidence...

5.84 Grade point averages of students on a large campus follow a normal distribution with a mean of 2.6 and a standard deviation of 0.5. a. One student is chosen at random from this campus. What is...

5.78 The ages of a group of executives attending a convention are uniformly distributed between 35 and 65 years. If the random variable X denotes ages in years, the probability density function is as...

5.86 It has been found that times taken by people to complete a particular tax form follow a normal distribution with a mean of 100 minutes and a standard deviation of 30 minutes. a. What is the...