Total lab expense $851,455.00 Procedure Volume Expense A 4,000 0.10 B 3,500 0.05 C 2,000 0.05 D
Question:
Total lab expense $851,455.00 Procedure Volume Expense
A 4,000 0.10
B 3,500 0.05
C 2,000 0.05
D 4,000 0.15
E 4,500 0.10
F 6,000 0.10
G 2,200 0.15
H 1,800 0.15
I 4,000 0.05
J 3,000 0.10
Step 1:
Calculate RVUs by dividing labor expense per procedure by the average labor expense Procedure Expense Average Expense RVU A B C D E F G H I J
Step 2:
Calculate total RVUs by multiplying RVUs per procedure by projected volume Procedure RVU Projected Volume RVU A B C D E F G H I J 0
Step 3:
Calculate the cost per RVU by dividing total costs by total RVUs 0 Total Costs Total RVUs
Step 4:
Calculate the costs per procedure by multiplying the cost per RVU by RVUs per procedure Procedure Cost/RVU RVUs/Procedure Cost per Procedure
A
B
C
D
E
F
G
H
I
J
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill