The controller of Joyce Hospital relies on regression analysis to estimate medical supply costs, and uses the number of procedures as the cost driver. The estimated Intercept is 30,000 and the reported R-squared for the regression is .80. There were 400 procedures administered in January, and total medical supply costs for January amounted to $90,000. What is the estimated variable cost per procedure?

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.