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Question 3 (1 Mark) The accountant of Mediclinic evaluating ways to increase revenues. The financial objective of the clinic is to operate at or just
Question 3 (1 Mark) The accountant of Mediclinic evaluating ways to increase revenues. The financial objective of the clinic is to operate at or just above its break-even point. The clinic performs approximately 8000 patients each year for a standard blood test. The equipment needed to perform the test is leased by the clinic for $80 000 per year, and a technician would have to be hired at an annual salary of $60 000. Other fixed annual costs for the tests are expected to be $24 000. The accountant estimates that the direct costs of performing each test (e.g supplies) would be $20. Required Prepare a CVP graph based on a fee of $100 per test
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