Case Study: Breakeven: PS 218 income statement for its most recent fiscal year follows: Revenues $20,000 Expenses 25,000 Net Loss ($5,000) The revenue in the income statement was obtained from 100 patients. A judgmenta management of the individual expense accounts indicates that expenses can be cate $15,000 of fixed expenses and $10,000 of variable expenses. Questions 1. Given the cost-revenue relationships in the income statement, PS 218 above breakeven volume? 2. What is the average revenue per patient? 3. What is the average variable cost per patient? 4. What is the contribution margin per patient? 5. Assume that the cost-revenue relationship from the prior year will hold in the year. Use the following formula for breakeven volume. (Breakeven - Total FL Costs/(Unit revenue-Unit variable cost). What is the likely breakeven volume