Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Are my answers right? #8 2. When the tests are combined, only one syringe, form, and sterile bandage will be used. Furthermore, only one charge
Are my answers right?
#8 2. When the tests are combined, only one syringe, form, and sterile bandage will be used. Furthermore, only one charge for breakage/losses will apply. Two blood vials are required, and reagent costs will remain the same (reagents from all three tests are required). What price must be charge to achieve a contribution margin of $10? Formula: =$8.55+ CM of #10 Pic #18,55 #9. Quest Diagnostics is combing some of its most common tests into one-price packages. One such package will contain three tests that have the following variable costs: Test A Test B Test C Disposable Syringe $4.00 $4.00 $4.00 Blood Vial $0.65 $0.65 $0.65 Forms $0.10 S0.10 $0.10 Reagents $0.80 $0.60 $1.20 Sterile Bandages 0,20 $0.20 $0.20 Breakage/losses $0.05 $0.05 S0.05 When the tests are combined, only one syringe, form, and sterile bandage will be used. Furthermore, only one charge for breakage/losses will apply. Two blood vials are required, and reagent costs will remain the same (reagents from all three tests are required). Allied estimates that 2,000 of the combined tests will be conducted during the first year. The Tot Test 2,000 annual allocation of direct fixed and overhead costs totals $40,000. What price must be set to TV C= 2,000 82,55 cover the total overhead costs at the projected volume. TEC=40,000 1 What price must be charged to cover full costs? Sull Price per Unit TC-57,000 $28.50 Sellp. fit most common tests into one-price packages. One Per Unit 2,000 57.000 8.50 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started