A clinic’s records show that the cost of carrying out health checks in the last five accounting periods have been as follows: Period No. of patients seen Total costs (RM) 1 650 17,125 2 940 17,800 3 1260 18,650 4 990 17,980 5 1150 18,360 Using the high-low method and ignoring inflation, what are the estimated cost of carrying out health checks on 850 patients in period 6?
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A clinic’s records show that the cost of carrying out health checks in the last five accounting periods have been as follows:
|
Period |
No. of patients seen |
Total costs (RM) |
|
1 |
650 |
17,125 |
|
2 |
940 |
17,800 |
|
3 |
1260 |
18,650 |
|
4 |
990 |
17,980 |
|
5 |
1150 |
18,360 |
Using the high-low method and ignoring inflation, what are the estimated cost of carrying out health checks on 850 patients in period 6?
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