Financial Planning and Budgeting

Based on this information, calculate the total variable costs. Hoover Clinic's projected budget information for 2019 is listed below. Total FFS Visit Volume Payer Mix: 80,000 visits Blue Cross Highmark 40% 60% Reimbursement Rates Blue Cross Highmark $25 per visit $20 per visit Variable Costs Resource Inputs Labor Supplies 40,000 total hours 100,000 total units Resource Input Prices Labor Supplies S s 25.00 1.50 per hour per unit Fixed Costs (overhead, plant and equipment) S 500,000.00 Based on this information, calculate the total variable costs per visit