Reference no: EM131947579

Q1. Complete the following table.

Output

Total Fixed Cost

Total Variable Cost

Total Cost

100

150

75,000

200

10,000

250

300

Q.2

a. Define Break -Even point.

b. From the following information calculate the Break-Even Quantity:

- Price per unit = $75

- Variable cost per unit = $ 25

- Fixed cost = $200, 000

Q3 What is the purpose of the budget? Why are requests for budget revisions necessary? When should a formal request for a budget revision be submitted?

Q4. Identify each responsibility center in the list below as either a service center, cost center (clinical or administrative), profit center (capitated or administrative), or investment center.

a. Radiology department that must control its own costs.

b. Admitting department of a hospital.

c. HMO.

d. Stand-alone outpatient clinic that must earn a 10 percent ROI.

e. Volunteer department with no budget.

f. Development office.