As administrative director of the laboratory you have been asked to see if it is
ID: 2776561 • Letter: A
Question
As administrative director of the laboratory you have been asked to see if it is feasible to add more staff to support laboratory serrvices. You have gathered the following information.
-The center has 1 machine and 1 technologist.
-Equipment lease per month per machine $12,000
-Revenue per lab test $115
-Technologist cost per test $48
- Variable cost per test $27
Calculate the patient volume needed per month if the lab center desires to cover its fixed and variable expense and make a profit of $2500.
Explanation / Answer
fixed expense
Equipment lease per month $12000
Technologist cost per test $48
Variable cost per test $27
total expenses $12075
Revenue per test $115
we need to get profits $2500
patient volume per month = 2500/115 =21.73
so, we need 22 patients per month to get $2500 profit.
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