Essay
Oakdale Municipal Hospital has variable costs of $80 million per year. These costs represent approximately 80% of the total revenues. There are 50,000 patient- days estimated for next year.
Required:
a. What is the break- even point expressed in total revenue?
b. What is the average daily revenue per patient necessary to breakeven?
Correct Answer:
Verified
a. $80 million / (1 ...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q31: Assume the following cost information for
Q34: Sales mix concept is relevant for all
Q36: If the sales price per unit is
Q37: Relevant range applies to:<br>A) the variable costs<br>B)
Q39: Cuyahoga County Hospital has overall variable costs
Q73: The relationship between sales and variable costs
Q78: The break-even point is located at the
Q83: The income statement can be expressed as:<br>Sales
Q86: Total contribution margin / total sales
Q157: Total fixed expenses / unit contribution margin