Variable Cost per Visit $10.00 Projected Number of Visits 10000 Total Variable Cost $100,000 Annual Direct Fixed Cost $5...
Variable Cost per Visit $10.00
Projected Number of Visits 10000
Total Variable Cost $100,000
Annual Direct Fixed Cost $500,000.00
Overhead $50,000.00
Total Cost $650,000
Desired Profit $650,000
What is the price per visit to reach a desired profit of $650.00?
Homework Answers
| Total fixed cost = Annual direct fixed cost + Overhead = 500000 + 50000 | 550000 |
| Projected number of visits = ( Total fixed cost + Desired profit ) / Contribution margin per visit | |
| 10000 = ( 550000 + 650000 ) / Contribution margin per visit | |
| 10000 = 1200000 / Contribution margin per visit | |
| Contribution margin per visit = 1200000 / 10000 | 120.00 |
| Price per visit = Contribution margin per visit + Variable cost per visit = 120.00 + 10.00 | 130.00 |
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Variable Cost per Visit $10.00 Projected Number of Visits 10000 Total Variable Cost $100,000 Annual Direct Fixed Cost $5...
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Problem 1
Tallahassee Clinic projected the following budget information
for 2018:
Total FFS Visit Volume
90,000 visits
Payer Mix:
Blue Cross
40%
Celtic Insurance Company
60%
Reimbursement Rates:
Blue Cross
$25 per visit
Celtic Insurance Company
$20 per visit
Variable Costs – Resource Inputs:
Labor
48,000 total hours
Supplies
100,000 total units
Variable Costs – Input Prices:
Labor
$25 per hour
Supplies
$1.50 per unit
Fixed Costs (overhead, plant, and equipment)
$500,000...
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Problem 1
Tallahassee Clinic projected the following budget information
for 2018:
Total FFS Visit Volume
90,000 visits
Payer Mix:
Blue Cross
40%
Celtic Insurance Company
60%
Reimbursement Rates:
Blue Cross
$25 per visit
Celtic Insurance Company
$20 per visit
Variable Costs – Resource Inputs:
Labor
48,000 total hours
Supplies
100,000 total units
Variable Costs – Input Prices:
Labor
$25 per hour
Supplies
$1.50 per unit
Fixed Costs (overhead, plant, and equipment)
$500,000...
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