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1. Fill in the blanks with the correct information in the following table: Price per visit Variable Cost per Number of Contribution Fixed Costs
1. Fill in the blanks with the correct information in the following table: Price per visit Variable Cost per Number of Contribution Fixed Costs Net Income Visits Margin Visit $85 (b) 3,000 $220,000 (f) $100,000 $70 $20 (c) $250,000 $130,000 (g) (a) $35 3,250 (d) $165,000 $85,000 $78 $55 2,500 (e) $60,000 (h) 2. The administrator for a local imaging center has been asked by her radiologists to see if it is feasible to add more imaging staff to support the practice's rapidly growing digital mammography service line, which currently has two digital mammography machines and two mammography technologists. She has compiled the following cost and revenue information for consideration: A. B. C. Reimbursement per test Equipment cost per month (fixed) Technologist cost per test (variable) Technologist aide per test (variable) Variable cost per test (variable) Monthly equipment maintenance cost per machine $75.00 $1,600 $20.00 $4.00 $10.00 $700.00 What monthly patient volume is required for the practice to realize accounting breakeven (profit = 0) at current capacity? What monthly patient volume is required for the practice to realize a profit of $5,000 (economic breakeven) at current capacity? If reimbursement dropped to $55.00 per test, what would the new accounting breakeven patient volume be?
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