Part 1 A free - standing ambulatory care clinic averages $ 1 2 0 in charges per
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Question:
Part
A freestanding ambulatory care clinic averages $ in charges per patient. Variable costs are approximately $ per patient, and fixed costs are about million per year. Using these data, how many patients must be seen each day, assuming a day operation, to reach the breakeven point?
Part
In the Gastroenterology Clinic of Pasadena Health System had revenue totaling $ The Gastroenterology Clinic costs data for a months period from January thought December were reported as follows:
Gastroenterology Clinic costs data for a months period from January thought December
Month,
Number of Patient Visits
Gastroenterology Clinic Costs, $
January
February
March
April
May
June
July
August
September
October
November
December
Task for this assignment
Find the fixed and variable portion of costs using the highlow method.
Calculate the contribution margin, the contribution margin ratio, and the pervisit revenue, costs, and operating income.
Discuss the importance of computation of the contribution margin in evaluating the relationship of cost volume, and profit.
In deciding to continue or to discontinue a service, which revenues currently do not cover total cost, which is more important in the short run, variable cost or fixed cost? In the long run with more service volume Why?
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
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