Break-even analysis for a hospital Mariposa Medical Institute operates a 100- bed hospital and offers a number of specialized medical services. Mariposa's hospital facility and equipment are leased on a long-term basis. The hospital charges $100 per patient day. Based on past cost data, Mariposa has estimated its flexible costs as $45.70 per patient day. Capacity-related costs are $91,000 per month. The hospital's administrator has estimated that the hospital will av¬ erage 2300 patient days per month. How much will the hospital need to charge per patient day to break even at this level of activity?

(LO 8)