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3. For your unit, some costs are fixed and some are variable. If your underlying cost structure is one million dollars of fixed cost, and

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3. For your unit, some costs are fixed and some are variable. If your underlying cost structure is one million dollars of fixed cost, and the variable cost is 200.00 per patient. al underlying cost structure for a volume of 40 patients and a volume of 75 patients 4. You have come across the term Contribution Margin, and want to know what your unit contributes. Your CFO helps you estimate this by telling you that the median revenue per patient is $400.00 and that the median variable cost per patient is $200,00. Calculate the contribution margin per patient. Does this equal profit? 5. It is summertime and the volume of patients has decreased on your unit as well as across the hospital. Your executive team is very worried about the decrease in volume. Is there a volume point where the organization just covers it's fixed costs? What is this called? What is the numerical value of profit at this point? What can you do on the nursing unit to increase the number of patients using your services? How do quality outcomes potentially drive volume? 6. Your hospital has entered into a discounted fee-for-service contract for 30% of its patients. What is the impact of a discounted contract on fixed costs, total variable costs, and the breakeven point

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