1.) Given the following information, calculate the total cost per billable test for a drug screen. The drug screen is composed of five independently measurable assays: Amphetamines Barbituates, Cannabinoids, Cocaine, and Benzodiazepines. The instrument was purchased for a price of $116,000. Equipment is depreciated over a period of five years. The service contract for the instrument is $9,212 per year. The laboratory reports 539 drug screens per month. The reagent cost for the year is as follows: Reagent Amphetamines Barbituates Benzodiazepines Cocaine Cannabinoids Cost per Kit $135.00 $130.00 $130.00 $145.00 $115.00 Annual Usage 128 kits 125 kits 133 kits 129 kits 146 kits From the budget report you have spent the following: Medical supplies Nonmedical supplies Other Direct Expenses $205,874.00 $51,722.00 $47,892.00 $22,171.00 $1,892,364.00 Travel & Education Salaries Total billable tests for the year 789,352 NOTE: Begin by calculating your reagent cost. You should note that the usage is different per assay