The number of X-rays taken and X-ray costs over the last nine months in a hospital are given below: Month X-Rays Taken X-Ray Costs
January
6,250
$28,000
February
7,000
$29,000
March
5,000
$23,000
April
4,250
$20,000
May
4,500
$22,000
June
3,000
$17,000
July
3,750
$18,000
August
5,500
$24,000
September 6,750
$28,500
Using the high-low method, what is the hospital's estimated monthly fixed X-ray cost?
a.$8,000
b. $6,500
c. $6,000
d. $5,850
None of the above
e.