Chapter 7 Problem 4 - Rate Setting Formula: Total projected cost / total projected hours of use - see page 191 a. Hourly Rate Setting - Calculate the rate to recover costs Total projected cost of PT $150,000 Total projected hours of use 1,600 See page 194 for steps b. Surcharge Rate Setting for Patient Transportation Service - Calculate the rate to charge to recover costs Total projected costs $125,000 Costs of transports billed to patients $ 75,000 Number of patient transports 1,200