Question: please help and post work for each part Gapenski's Fundamentals of Healthcare Finance 5.3 Allied Laboratories is combining some of its most common tests into

please help and post work for each part
please help and post work for each part Gapenski's Fundamentals of Healthcare

Gapenski's Fundamentals of Healthcare Finance 5.3 Allied Laboratories is combining some of its most common tests into one-price packages. One such package will contain three tests that have the following vari- able costs: Test A $3.00 0.50 Disposable syringe Blood vial Forms Reagents Sterile bandage Breakage/losses Test B $3.00 0.50 0.15 0.60 Test C $3.00 0.50 0.15 1.20 0.15 0.80 0.10 0.10 0.10 0.05 0.05 0.05 are a. When the tests are combined, only one syringe, form, and sterile bandage will be used per patient. Furthermore, only one charge for breakage or losses will apply. Two blood vials are required, and reagent costs will remain the same (reagents required for all three tests). As a starting point, what is the price of the combined test assuming marginal cost pricing? b. Assume that Allied wants a contribution margin of $10 per test. What price must be set to achieve this goal? Allied estimates that 2,000 of the combined tests will be conducted during the first year. The annual direct fixed and allocated overhead costs total $40,000. What price must be set to cover full costs? What price must be set to produce a profit of $20,000 on the combined test? c

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