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What price must be set in order to meet desired profit level

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Question a. Your hospital is considering offering a new outpatient service. Using the data below, determine the price needed to break-even.

RELEVANT DATA:

Variable cost per visit $8
Annual direct fixed costs $650,000
Annual overhead allocation $70,000
Expected utilization (visits) 10,000

Question b. Assume now that the CEO is requesting to know what price must be set in order to earn a $100,000 profit. What price must be set in order to meet this desired profit level?

Reference no: EM132641100

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