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What is the purpose of determining the cost formula for various mixed costs within our organization? Answer: To be able to predict future costs. A. The manager of a business came up with the following cost formula for the costs of building a toy. Cost Formula: $y=15x+1,255$ i) What is the variable cost? ii) What is the fixed cost? iii) What does $x$ represent? fv) What does y represent? v) What is the expected cost for 17 toys? vi) How many toys were buit if the total cost was $$2,020$ ? B) The cost of patient-days for a small town hospital is listed below. Answer the following questions. Cost Formula: $y=$0.894x+$2,931$ i) What is the variable cost? ii) What is the fixed cost? iii) What does $x$ represent?
iii) What does $x$ represent? iv) What does y represent? v) What is the expected cost for 17 toys? vi) How many toys were built if the total cost was $$2,020$ ? B) The cost of patient-days for a small town hospital is listed below. Answer the following questions. Cost Formula: $y=$0.894x+$2,931$ i) What is the variable cost? ii) What is the fixed cost? iii) What does $x$ represent? iv) What does y represent? v) What is the expected cost for 47 patient-days? (round to 2 decimal places) vi) How many patient-days were there if the total cost was $$3,021.29?$ (round to the nearest day)

A)i. The variable cost is the coefficient of x in the cost formula, which is 15. This means that for every one unit increase in the number of toys pro

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