Consider the following cost and revenue data for Palm Bay Hospital: Fixed costs =$10,000,000. Variable cost per inpatient day =$400. Revenue per inpatient day =$1,200. What is the hospital's breakeven volume (in patient days)? 10000 7500 12500 5000 If interest rates are positive, the present and future values of an annuity due will always be higher than the present and future values of an ordinary annuity. True False 2 The following profit information was taken from Coastal Hospital's budget data: What is the profit variance? (A negative variance in listed in parentheses) ($200,000) ($500,000) ($700,000) $500,000 Harbortown Multispecialty Clinic has two revenue-generating patient services departments - Medicine and Surgery. These departments are supported by three overhead departments - Housekeeping, Financial Services, and General Administration. The following information on Clinic expenses was compiled: Harbortown has determined that the cost driver for housekeeping is square feet and that the cost driver for Administration and Financial Services is the number of employees. Using the direct method of cost allocation, what is the approximate allocation rate for housekeeping costs (round to the nearest cent)? $2.28 per square foot $2.15 per square foot $2.21 per square foot $1.94 per square foot As the unit contribution margin for an organization increases, its volume breakeven decreases. True