Buffalo Hospital has overall variable costs of 24% of total revenue and fixed costs of $38 million per year. Requirements 1. Compute the break-even point expressed in total revenue. 2. A patient-day is often used to measure the volume of a hospital. Suppose there are to be 50,000 patient-days next year. Compute the average daily revenue per patient-day necessary to achieve the break-even total revenue computed in item 1. 2. Requirement 1. Determine the shortcut formula, then compute the break-even point expressed in total revenue. (Enter ratios to two decimal places and all other amounts in dollars.) Break-even point in revenue Requirement 2. A patient-day is often used to measure the volume of a hospital. Suppose there are to be 50,000 patient-days next year. Compute the average daily revenue per patient-day necessary to achieve the break-even total revenue computed in item 1. = Daily revenue per patient-day Buffalo Hospital has overall variable costs of 24% of total revenue and fixed costs of $38 million per year. Requirements 1. Compute the break-even point expressed in total revenue. 2. A patient-day is often used to measure the volume of a hospital. Suppose there are to be 50,000 patient-days next year. Compute the average daily revenue per patient-day necessary to achieve the break-even total revenue computed in item 1. Requirement 1. Determine the shortcut formula, then compute the break-even point expressed in total revenue. (Enter ratios to two decimal places and all other amounts in dollars.) Break-even point in revenue = i Contribution-margin ratio used to measure the volume of a hospital. Suppose there are to be 50,000 patient-days next year. Compute the average daily revenue per patient-day necessary to achieve the tem 1 Fixed costs = Daily revenue per patient-day Variable cost ratio Buffalo Hospital has overall variable costs of 24% of total revenue and fixed costs of $38 million per year. Requirements 1. Compute the break-even point expressed in total revenue. 2. A patient-day is often used to measure the volume of a hospital. Suppose there are to be 50,000 patient-days next year. Compute the average daily revenue per patient-day necessary to achieve the break-even total revenue computed in item 1. Requirement 1. Determine the shortcut formula, then compute the break-even point expressed in total revenue. (Enter ratios to two decimal places and all other amounts in dollars.) Break-even point in revenue Requirement 2. A patient-day is break-even total revenue compu Contribution-margin ratio a hospital. Suppose there are to be 50,000 patient-days next year. Compute the average daily revenue per patient-day necessary to achieve the Fixed costs revenue per patient-day Variable cost ratio Buffalo Hospital has overall variable costs of 24% of total revenue and fixed costs of $38 million per year. Requirements 1. Compute the break-even point expressed in total revenue. sure the volume of a hospital. Suppose there are to be 50,000 patient-days next year. Compute the average daily revenue per patient-day necessary to achieve the break-even total # of patient-days Contribution-margin ratio t formula, then compute the break-even point expressed in total revenue. (Enter ratios to two decimal places and all other amounts in dollars.) Fixed costs Break-even point in revenue Total revenues Variable cost ratio used to measure the volume of a hospital. Suppose there are to be 50,000 patient-days next year. Compute the average daily revenue per patient-day necessary to achieve the tem 1. = Daily revenue per patient-day = Buffalo Hospital has overall variable costs of 24% of total revenue and fixed costs of $38 million per year. Requirements 1. Compute the break-even point expressed in total revenue. 2. A patient-day is often used uppose there are to be 50,000 patient-days next year. Compute the average daily revenue per patient-day necessary to achieve the break-even total revenue computed in item # of patient-days Contribution-margin ratio Requirement 1. Determine the ak-even point expressed in total revenue. (Enter ratios to two decimal places and all other amounts in dollars.) Fixed costs k-even point in revenue Total revenues Requirement 2. A patient-day is break-even total revenue compu Variable cost ratio a hospital. Suppose there are to be 50,000 patient-days next year. Compute the average daily revenue per patient-day necessary to achieve the = Daily revenue per patient-day