Budgeting & Finance - Healthcare Please provide formula(s) as work needs to be transferred to excel.
Cost Behavior: Problem
Determine Profit from Learning Disability Clinic Visits:
Average Price/Revenue Per Visit: $150
First Year’s Fixed Costs: $216,000 (clinical salaries, test kits, overhead)
Variable Cost: $5 per visit (based on each patient using two test booklets @ $2.50 per booklet)
Calculate: How much profit will the clinic make in the first year if they can schedule 10 patients per day (50 per week) for learning disabilities diagnostic work-ups?