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This question was answered previously however the steps are so confusing ... I've completed the steps in the top section determining which os fixed and
This question was answered previously however the steps are so confusing ... I've completed the steps in the top section determining which os fixed and which is variable. I know that the Revenue per patient is $50 and the Average medical cost is $6 which was given in the relevant facts. What I'm not understanding is Cell 51-59. How do you calculate to find that information. Is the contribution per visit correct for each physician?
38x GA2:E30ood Patient Clinic Nashille, TN Net income YOU HAVE SUST BEEN HIRED AS THE MANAGER OF THE GOOD PATIENT CINIC. You hove been osked to make a sumgesticion about dividing up the proffits between the two doctors. (The doctors will take their share af the profits to pay their own nurse's banus) Here are the relevant facts: A. Each doctor makes s175,000 per year. B. Each nurse makes $65,000 per year. c. Medical suppofies average 56 per patient visiti Complete the steps below: 1. Compute the Average Revenue per patient visit 2. Fill in the blanks showing the Contribution margin for each physician 3.. Divide the total expenses into Fixed and Variable 4. Determine the Variable medical supply cost per visit. 5. Determine the Contribution Margin per patient visit for each physician 6. Determine the Fixed Cost per patient visit 7. Allocate the Fixed cost per patient visit to each physian based on their volume FINAL QUESTION: HOW WOULD YOU ALLOCATE THE $168,000 PROFIT TO EACH PHYSICIAN? EXPLAIN YOUR ANSWER \begin{tabular}{|l|c|c|l|} \hline 2. CONTRIBUTION MARGIN & & & $ \\ \hline 3. CONTRIBUTION MARGIN PER VISIT & $30 & $40 \\ \hline \end{tabular} Fixed cost per patient visit 38x GA2:E30ood Patient Clinic Nashille, TN Net income YOU HAVE SUST BEEN HIRED AS THE MANAGER OF THE GOOD PATIENT CINIC. You hove been osked to make a sumgesticion about dividing up the proffits between the two doctors. (The doctors will take their share af the profits to pay their own nurse's banus) Here are the relevant facts: A. Each doctor makes s175,000 per year. B. Each nurse makes $65,000 per year. c. Medical suppofies average 56 per patient visiti Complete the steps below: 1. Compute the Average Revenue per patient visit 2. Fill in the blanks showing the Contribution margin for each physician 3.. Divide the total expenses into Fixed and Variable 4. Determine the Variable medical supply cost per visit. 5. Determine the Contribution Margin per patient visit for each physician 6. Determine the Fixed Cost per patient visit 7. Allocate the Fixed cost per patient visit to each physian based on their volume FINAL QUESTION: HOW WOULD YOU ALLOCATE THE $168,000 PROFIT TO EACH PHYSICIAN? EXPLAIN YOUR ANSWER \begin{tabular}{|l|c|c|l|} \hline 2. CONTRIBUTION MARGIN & & & $ \\ \hline 3. CONTRIBUTION MARGIN PER VISIT & $30 & $40 \\ \hline \end{tabular} Fixed cost per patient visit
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