The director of laboratory services at Henry Hospital is assessing her staffing requirements. The hospital processes 1,440,000 lab tests per year. A lab tech can process 50 per day and earns $50,000 per year. (a) Calculate the number of productive days and FTES needed. (An FTE is 230 productive days per year.) ( b) Calculate the cost to meet this need using full-time only, full-time plus overtime for any fractional FTE, and full-time and part-time employees. c) What staffing method produces the lowest expense, and how much would be saved over the most expensive method? Total Productive Days Needed Wage Productive days per FTE Total lab tests Tests per day per tech $50,000 230 1,440,000 500