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Find what per visit price must be set to earn annual profit

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Reference no: EM132739419

Assume that managers of Last Hope Hospital are setting the price on a new outpatient service. Here are relevant data estimates:

Variable cost per visit $38

Annual Direct Fixed Costs $950,000

Annual Overhead Allocation $275,000

Expected Annual Utilization 28,000 visits

Problem 1: What per visit price must be set for the service to reach accounting breakeven? (Just number, no other signs such as "$," round to two digits after decimal point)

Problem 2: What per visit price must be set to earn an annual profit of $200,000? (Just number, no other signs such as "$," round to two digits after decimal point)

Reference no: EM132739419

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