Mercuri Medcal Institute cperatos a 300 -bed hospital and offors a number of apecialzed medical Requirements services. Morcuris hospltal facility and equipment are leased on a long-term basis. The hospital (a) How much wil the hospeai need to charge per patert day to break even at tfis levef charges \$2,B00 per patient day On the basis of past cost data, Mercuei has estimated its variable of activity? cosis as $600 per patient day. Fined costs are $2,300.000 per month. The hospital's adminhtrator (b) Refer to the original data in the problem. How many patient doys must Merean has estmated that the hospital will average 5,000 patiem days per month. average each month to eann a target protit of $120,000 per month? Requirement (a.) How much will the hospital need to charge per pasent day to break even an this level of activity? First determine the basic Cost-Volume-Prots (CVP) equation