Instructions: Perform a cost per test analysis for your laboratory. Your laboratory is changing its method for the analysis of Glucose. As laboratory manager you are asked to perform a cost analysis for the new Glucose method. Your laboratory reports 40 glucose tests daily. The cost of reagent for g is $70/100 tests. You must calibrate your method twice a year, runni calibrators each time. 2 control specimens are analyzed are analy shift (2 12 hour shifts per day). Proficiency tests (5 specimens) i times per year. 15 tests per month must be repeated each month because or problems with your analyzer or they are above the linearity of the instrument. Your analyzer had a cost of $350,000 and has a life expectancy of 5 years. The service contract on this instrument is $6000 annually. 500,000 total chemistry tests are performed on this instrument per year. The total number of reportable tests for the laboratory is 1,750,000 annually. The following are annual fixed (indirect costs for the laboratory. testing ng 6 zed on each Administrative/supervisor salaries and benefits: $2,600,000 Utilities: $45,000 . Non-medical supplies: $%34,000 .Regulatory compliance (CAP, etc.): $59,000 Travel, education, professional development: $10,000 The "hands-on" tech time (in minutes) to prepare an instrument for glucose testing is (shift): Prepare specimens: 15 minute . Prepare reagents: 10 minutes . Prepare instrument: 10 minutes Computer setup: 15 minutes Documentation of results/quality control/maintenance: 10 minutes Clean-up: 10 minutes . The consumables needed to perform the test are 1 disposable pipets ($10/100 pipets) and 1 disposable reagent cup ($10/200 cups). The control material (high and low) is priced at $20/mL. 0.05 mL of specimen is required per test. Tech salaries average $20/hour