1. North Central Bronx Hospital has estimated the following costs for its inpatient services:

Fixed Costs $ 12,000,000 Variable Cost Per Inpatient day $300

North Central Bronx Hospital expects to have 18,000 inpatient days next year.

1. What is the hospitals underlying cost structure?

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2. What are the hospitals expected total cost?

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3. What is the hospitals estimated total cost at 19,000 inpatient days? At 25,000 patient days?

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4. What is the average cost per patient day at 19,000, 25,000, and 30,000 patient days?

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