Calculate the breakeven price from the following information: quantity of services = 3,000 fixed costs = $45,000 average cost per unit = $150.00 required profit = $30,000
Calculate the breakeven price from the following information:
quantity of services = 3,000
fixed costs = $45,000
average cost per unit = $150.00
required profit = $30,000
Select one:
A. $175.00
B. $300.00
C. $135.00
D. $310.00
E. $160.00
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When considering how changes in volume affect total fixed costs,it is important to consider:
Select one:
A. the relevant range
B. the variable cost per unit
C. price
D. both A and B
E. both B and C
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The breakeven point occurs where:
Select one:
A. total fixed costs and total revenue intersect
B. total costs and total revenue intersect
C. total profit margin and total costs intersect
D. total variable costs and total revenue intersect
E. total revenue outpaces total avoidable fixed costs
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From a hospital’s perspective what is most likely to be the highest risk arrangement with a payer?
Select one:
A. DRG/Per Case
B. Capitation
C. Per diem
D. Discounted charges
E. none of the above
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Cost allocation is a way to distribute costs from support departments to revenue-producing departments.
Select one:
True
False
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The order in which the services are allocated makes a difference to the final, all-inclusive costs of each particular revenue department or cost object.
Select one:
True
False