Assume that the managers of FortWinston Hospital are setting the price on a new outpatient service. Here
Question:
Assume that the managers of FortWinston Hospital are setting the price on a new outpatient service. Here are the relevant data estimates:
a. What per visit price must be set for the service to break even? To earn 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 a $10 variable cost and $1,000,000 in direct fixed costs.
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