Solved: What is the total annual cost for 1000 tests, Finance Basics

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What is the total annual cost for 1000 tests

Problem:

In a clinical laboratory, the following cost pertain to complete blood counts:

Annual Fixed costs = $50,000
Variable costs per tests = $15

1. What is the total annual cost for 1000 tests?

2. What is the total cost per test for 1000 tests?

3. What is the total annual cost for 5000 tests?

4. What is the total cost per test for 5000 tests?

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Finance Basics: What is the total annual cost for 1000 tests

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Finance Basics: What is the total annual cost for 1000 tests

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