Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kirklin Clinic's projected budget information for 2 0 2 0 is listed below. table [ [ FFS Visit Volume, 1 0 0 , 0

Kirklin Clinic's projected budget information for 2020 is listed below.
\table[[FFS Visit Volume,100,000,visits],[Payer Mix:,,],[Blue Cross,25%,],[Highmark,75%,],[Reimbursement Rates,,per visit],[Blue Cross,$45,per visit]]
Variable Costs
Resource Inputs
Labor
75,000
total hours
Supplies
125,000
total units
Resource Input Prices
Labor
$20.00
per hour
Supplies
$0.50
per unit
Fixed Costs (overhead, plant and equipment)
$250,000.00
Based on this information, calculate the total variable costs.
$1,500,000
$1,625,000
$2,000,000
$1,562,500
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Business Valuation

Authors: Thomas L. West, Jeffrey D. Jones

2nd Edition

0471297879, 978-0471297871

More Books

Students also viewed these Finance questions

Question

Describe the key steps in writing papers for college.

Answered: 1 week ago