We have discussed what constitutes direct, indirect and full cost and classified those cost as fixed, variable and semi-variable. We are going to start a clinic that will be a part of our hospital system for this assignment. I encourage you to use a spreadsheet for this assignment. Your budget is $15,000,000 (first year start up). This should be illustrated in your work such as $125,000 as a direct fixed cost for a nurse practitioner (including benefits) for example. Research and cite the actual cost. I will allow you to have a reference column on your spreadsheet for this assignment. You may or may not spend your entire budget. 1. List and describe your direct cost for the clinic. 2. List and describe your indirect cost for the clinic. 3. List and describe your fixed cost for the clinic. 4. List and describe you variable cost for the clinic. 5. List and describe your semi-variable cost for the clinic. Hints: 1. Building (lease or buy) 2. Staffing 3. Equipment 4. Supplies Calculate contribution margin (CM) and total profit or loss based on one year. Expected patient flow: 100,000 per month. Average charge per patient $125 a visit Fixed Cost = $11,250,000 Variable cost = $500,000 What is a Profit/Loss??? Describe the outcome based on your budget in the context of positive or negative