7.7 Consider the following data for a clinical laboratory Activity Data Activity Set up equipment Record results Total costs Annual Costs 10,000 Number of tests 25,000 Number of minutes per test 100,000 10,000 Cost Driver Test A Test B Test C Test D 2,000 1,500 1,000 500 5 5 10 102 5 10 20 00 Receive specimen 5 327 7Run test Number of minutes per test Number of minutes per test 17 Transmit results 5,000 Number of nin utes per te $150,000 3 3 33 a. Using ABC techniques, determine the allocation rate for each b. Now, using this allocation rate, estimate the total cost of c. Verify that the total annual costs aggregated from individul test activity. performing each test. costs equal the total annual costs of the laboratory given in the table above. 78 A hospital pharmacy il acy flls three tynes of nrescrintions Prescription