A hospital is setting the price on a new outpatient service with the following data estimates: Variable cost per visit: $15 Fixed Costs: $500,000 Expected Annual utilization: 12,000 visits What per visit price must be set to break even? Hint: Think about what the profit is when we say breakeven. What do we mean by per visit price? What per visit price must be set to earn an annual profit of $350,000? Consider the following data: Fixed costs = $150,000. Variable cost per inpatient day = $5 Revenue per inpatient day = $50. What is the breakeven volume? Consider the following data: Fixed costs = $100,000. Variable cost per inpatient day = $25 What revenue per inpatient day is required to obtain a profit of $500,000 at a volume of 15,000 patient days