Follow the instructions to work through the calculation of cost per billable test for a drug...
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Follow the instructions to work through the calculation of cost per billable test for a drug screen composed of five independently measurable assays, using the following information: . Instrument was purchased for $116,000 and is depreciated over a period of five years The service contract for the instrument is $9,212 per year The laboratory reports 539 drug screens per month The reagent costs are as follows: Reagent . · . . · Cost per Kit $135 $130 $130 Cocaine $145 Cannabinoids $115 From the budget report you have spent the following: Medical supplies Amphetamines Barbiturates Benzodiazepines Annual Usage 128 kits 125 kits 133 kits 129 kits 146 kits Non-medical supplies Other direct expenses Travel and education Salaries Total billable tests for the year = 789, 352 $205,874 $51,722 $47,892 $22,171 $1,892,364 Calculate the annual reagent cost by multiplying the cost per kit by annual usage, adding up the totals, and dividing by the number of billable drug screens per year. Follow the instructions to work through the calculation of cost per billable test for a drug screen composed of five independently measurable assays, using the following information: . Instrument was purchased for $116,000 and is depreciated over a period of five years The service contract for the instrument is $9,212 per year The laboratory reports 539 drug screens per month The reagent costs are as follows: Reagent . · . . · Cost per Kit $135 $130 $130 Cocaine $145 Cannabinoids $115 From the budget report you have spent the following: Medical supplies Amphetamines Barbiturates Benzodiazepines Annual Usage 128 kits 125 kits 133 kits 129 kits 146 kits Non-medical supplies Other direct expenses Travel and education Salaries Total billable tests for the year = 789, 352 $205,874 $51,722 $47,892 $22,171 $1,892,364 Calculate the annual reagent cost by multiplying the cost per kit by annual usage, adding up the totals, and dividing by the number of billable drug screens per year.
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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