Hello,

below is what needed for the 1st portion of my question:

your health care business is beginning to take shape. Youve chosen products or services to offer, come up with a business model, and looked at your fixed and variable costs. Now you have to decide how to set your prices. For this assignment, determine your prices and when you will make a profit. Be sure to answer the following questions for the health care business that you are creating in this class: In your own words, discuss both the full-cost pricing strategy and the marginal-cost pricing strategy and explain how each would apply to your health care business. How would target costing affect your business? Based on your analysis, which pricing method would be the best for you to use in your health care business and why? Return to the break-even analysis tool that you used for the Break-Even Analysis Assignment. Increase the sales or service units by 25% from the number that you indicated in the Break-Even Analysis Assignment. Write a summary of how this affected your health care business. What departments did you have to make changes in? What did this do to your fixed or variable costs? Be specific. Upload your revised PDF break-even analysis tool to show that you have increased the sales or services units by 25%.

USE THE TOOL AS FOLLOWS, please help me with this - https://www.calcxml.com/calculators/breakeven-analysis

UPDATED INFO NEEDED:

The breakeven point explains how many units one must sell to cover fixed and variable production costs. The breakeven point fluctuates in response to sales demands and fluctuations in the production costs. We calculate the breakeven point by adding total variable and fixed costs together and dividing that amount by the number of units produced. Recalculating the breakeven point reveals if Fluctuation of Break Even Point:

your costs have increased or decreased beyond the normal range. We can analyze accounting information to see what factors are responsible for increased or decreased breakeven point. The factors are listed below.

1. Breakeven Point Factors

Breakeven point is directly proportional to how variable costs and fixed costs change. The direct materials and direct labor are variable costs that fluctuate with product demand. Fixed costs are called fixed because they do not change over a specific time. For example, your insurance premiums remain the same while the policy is in force but may increase when you renew coverage. A production step fixed cost changes when increased production volume pushes the fixed costs out of their normal range to a new level.

2. Increased Customer Sales

The breakeven point increases or decreased when we manufacture more of our products to meet additional customer demand. For example, the breakeven point to produce 30,000 items with total production costs of $40,000 is $1.34 per unit. When you produce 40,000 units with production costs of $60,000, your breakeven point is $1.50 per unit. Your breakeven point increases by $0.16 to reflect the addition production costs.

3. Increased Production Costs

If our sales remain the same but your variable or fixed costs increase, the breakeven point will reflect the additional expense. Our variable costs go up when the suppliers raise the price of your direct materials and supplies or when we give your employees a cost-of-living increase. Higher fixed costs also increase your breakeven point. For example, when the electric company raises the rates, the step fixed costs go up. Our net income decreases unless we lower our production costs or increase your items selling price.

4. Labor Rework Expense

Production line errors increases labor costs and breakeven point without generating additional revenue. For example, say you sell each unit for $5. The breakeven point for manufacturing 10,000 units with $20,000 of production cost is $2 per unit. Your profit is $5 minus $2, or $3 per unit. Say it costs an additional $5,000 of direct labor to rework defective units. Now the breakeven point for 10,000 units with $25,000 of production costs is $2.50. At the $5 selling price, your profit drops from $3 per unit to $2.50 per unit.

Answer 2:

Monitoring break Even point in Health Care business is important because it

Provides point of focus, your minimum financial & operational performance level. Provides an insight into the features of your true cost base, helps to determines which costs are fixed and evaluates which costs vary depending on your level of income or production. Provides an opportunity to evaluate the factors such as what optimum mix of products or services works for your business. Highlights what financial performance standards that need to be achieved to start generating money. Works as a basis for key pricing decisions and volume considerations in running your business. Provides insight and evaluates important consideration when looking at new investment and the opportunities that may bring.

I am eager to start my health care business in Eyecare sector. Wherein I will be serving the community for affordable eye care treatments. My team will be comprised of best doctors which will assist, guide, and take care of the society in eye care sector in all the possible ways.

My team will be giving world class affordable service in the region. My aim is to serve the community. Once a year basic eye care education and treatment will be free for the people who can afford it. This will help in marketing my eye care clinic too.

I will be using digital and traditional marketing tools to market my eye care center. I would like to locate the business wherein people can reach easily and can have sufficient parking space. My team will be having HR, Financial and Marketing team to help me making wise decisions for future and to manage the organization in the defined goal.

I am eager to start my health care business in Eye care sector. Wherein I will be serving the community for affordable eye care treatments. My team will be comprising of best doctors which will assist, guide, and take care of the society in eye care sector in all the possible ways.

My team will be giving world class affordable service in the region. My aim is to serve the community. Once a year basic eye care education and treatment will be free for the people who can afford it. This will help in marketing my eye care clinic too.

I will be using digital and traditional marketng tools to market my eye care center. I would like to locate the business wherein people can reach easily and can have sufficient parking space. My team will be having HR, Financial and Marketing team to help me making wise decisions for future and to manage the organization in the defined goal.