Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 7.1 a-d please healthcare finance problems 7.1.

7.1 A-d please Healthcare Finance Problems 7.1. Assume that the managers of Fort...

90.2K

Verified Solution

Question

Accounting

image

7.1 A-d please

Healthcare Finance Problems 7.1. Assume that the managers of Fort Winston Hospital are setting the price for a new outpatient service. Here are relevant data estimates Variable cost per visit Annual direct fixed costs Annual overhead allocation Expected annual utilization (visits) S 5.00 $500,000 $ 50,000 10,000 a. What per visit price must be set for the service to break even? To carn an annual profit of $100,000? b. Repeat part a, but assume that the variable cost per visit is $10. c. Return to the data given in the problem. Again repeat part a, but assume that direct fixed costs are $1,000,000. d. Repeat part a assuming both $10 in variable cost and $1,000,000 in direct fixed costs. 7.2. The audiology department at Randall Clinic offers many services to the clinic's patients. The three most common, along with cost and utilization data, are as follows: Variable Cost Annual Direct Annual Number Fixed Costs of Visits $ 5 $50,000 3.000 Service Basic examination per Service

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students