Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Home Health House- Total Care Meal Delivery keeping Revenues Variable expenses $ 8,70,000 $ 2,50,000 $ 3,90,000 $ 2,30,000 4,90,000 1,20,000 2,10,000 1,60,000 Contribution
Home Health House- Total Care Meal Delivery keeping Revenues Variable expenses $ 8,70,000 $ 2,50,000 $ 3,90,000 $ 2,30,000 4,90,000 1,20,000 2,10,000 1,60,000 Contribution margin Fixed expenses: Depreciation 3,80,000 1,30,000 1,80,000 70,000 60,000 5,000 35,000 20,000 Liability insurance 36,000 17,000 7,000 12,000 Program administrators' salaries 1,06,000 37,000 35,000 34,000 General administrative overhead* 1,73,000 51,000 78,000 44,000 Total fixed expenses 3,75,000 1,10,000 1,55,000 1,10,000 Net operating income (loss) $ 5,000 $ 20,000 $ 25,000 $ (40,000) *Allocated on the basis of program revenues
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started