Question
Maintenance Cost Assume a company provided the following information: Patient- Days High activity level 3,500 (September)...
Maintenance Cost Assume a company provided the following information: Patient- Days High activity level 3,500 (September) Low activity level (May) 2,500 $ 10,400 $ 9,200 Using the high-low method, what would be the estimated maintenance cost in a month with 2,650 patient-days? Multiple Choice $8,372 $9,560 $6,180 $9,380
Answers
Using high low method, variable cost per patient day = (Cost at high level – cost at low level)/Difference in number of patient days
= (10,400-9,200)/(3500-2500)
= $1.2 per patient day
Fixed cost = Total cost – variable cost
= 10,400 – 3500*1.2
= $6,200
Hence, cost at 2650 patient days = 6200 + 1.2*2650
= $9,380
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