Allied Laboratories is combining some of its most commom tests into a bundled, one-price package that contains three tests (Test A, Test B, and Test C) with the variable costs as stated below. When the tests are combined, only one syringe, form, and sterile bandage will be used. Furthermore, only one charge for breakage/losses will apply. Two blood vials are required, and reagent costs will remain the same (reagents from all three tests are required).

DATA:
Supplies	Test A	Test B	Test C
Syringe	$2.50	$2.50	$2.50
Blood Vial	1.75	1.75	1.75
Forms	0.30	0.30	0.30
reagents	2.25	0.95	1.60
Bandage	0.20	0.20	0.20
Breakage/loss	0.15	0.15	0.15
Total cost per test	$7.15	$5.85	$6.50

Using the above information, complete the following table:
Supplies	Cost of each for Test X
Syringe
Blood Vial
Forms
reagents
Bandage
Breakage/loss
Total cost per test
What price is needed to obtain a $6 contribution margin?

Answer rating: 100% (QA)

To calculate the bundled package price we need to sum up the variable costs of t... View the full answer