Using the weighted procedure method of setting rates, calculate the relative value and cost per procedure for the following lab procedures, given a total lab cost of $1.25 million and an average hourly lab tech rate of $15 (to calculate the RVU, divide the total sample expense by the com- mon denominator of 25): Projected Volume Labor in Minutes Supply Expense ($) Procedure 4,000 .75 5,000 .50 Amylase Bleeding time Uric acid Platelet count Hematocrit .50 3,000 7,800 7,600 no a co 25 Using the weighted procedure method of setting rates, calculate the relative value and cost per procedure for the following lab procedures, given a total lab cost of $1.25 million and an average hourly lab tech rate of $15 (to calculate the RVU, divide the total sample expense by the com- mon denominator of 25): Projected Volume Labor in Minutes Supply Expense ($) Procedure 4,000 .75 5,000 .50 Amylase Bleeding time Uric acid Platelet count Hematocrit .50 3,000 7,800 7,600 no a co 25