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Chapter 7- Homework Problems Please try your best on these answers. The more you work on these the better off you will be for the test! #1. The orthopedics department at St. Joseph Hospital offers many services to the clinic's patients. The three most common, along with cost and utilization data, are as follows: Service Variable Cost Per Annual Direct Fixed Annual Number of Unit Costs Visits D Basic Examination $5 $70,000 3,000 Advanced $9 $30,000 1,600 Examination Therapy Session $12 $55,000 500 What is the fee schedule for a Basic Exam assuming that the goal is to cover only variable and direct fixed costs? Fey schedule Price for Basic Exam - $128.33 Hint: Use the following breakeven equation- (Price - KC per unit) x Visits Direct Fixed Costs Formula: (Pricle- X 3,000 470,000-13.33 5) -15= #2. The orthopedics department at St. Joseph Hospital offers many services to the clinic's Price = $28.33 patients. The three most common, along with cost and utilization data, are as follows: Service Variable Cost Per Annual Direct Fixed Annual Number of Unit Costs Visits Basic Examination $5 $70,000 3,000 Advanced $9 $30,000 1,600 Examination Therapy Session $12 $55,000 500 What is the fee for schedule for an Advanced Exam, assuming that the goal is to cover only variable and direct fixed costs? Fero sched, price for Adv. Exani - $ 27,75 Hint: Use the following breakeven equation- (Price - VC per unit) x Visits Direct Fixed Costs 1 Formula: Price 1600 #30,000 price 9 = $18.75 #3 The orthopedics department at St Joseph HosniPrice on to the