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Please help! Ignore my notes, I'm just a little confused and lost. I appreciate your insight and help! This quiz covers topics found in Chapters

Please help! Ignore my notes, I'm just a little confused and lost. I appreciate your insight and help!

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This quiz covers topics found in Chapters 4 and 5 of the textbook. You have three attempts, and your highest score will count towards your grade. Total cost = Total fixed cost + Total variable cost TC= FC+ ( number of units sold * variable costper unit) Fixed cost is we costs that does not change Assignment: Cost Structure regardless on volume The hospital where you are employed is considering opening a walk-in clinic. The financial projections for the first year of operations are as follows: Number of visits: 10,000 Vaxable cost - is costs that charge . Wages and benefits: $220,000 - fived direct relation to the Rent: $5,000 Depreciation: $30,000 charge of volume Utilities: $2,500 Medical supplies: $50,000 V . Administrative supplies: $10,000 Assume that all costs are fixed except the cost of supplies, which are variable. Respond to the following questions. Be sure to show your work for all calculations. 8. Explain the difference between fixed and variable costs. (2 points) 9. What is the clinic's underlying cost structure? (2 points) TC=FC+(vc/ unitx#ofunits) 10. What are the clinic's expected total costs? (2 points) TC =$341,0100+58,600-399,000 ex- 11. What are the clinic's estimated total costs at 7,500 visits? What are the clinic's estimated total costs at 12,500 visits? (4 points each; 8 points total) . 12. What is the average cost per visit at 7,500, 10,000, and 12,500 visits? (6 points)

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