Reference no: EM132803290
The Audiology Department at Randall Clinic offers many services to the clinic's patients. The three most common, along with cost and utilization data, are as follows:
Service Variable Cost per service Annual Direct Fixed Cost Annual # of visits
Basic exam $5 $50,000 3,000
Adv. exam 7 30,000 1,500
Therapy
Session 10 40,000 500
a. What is the fee schedule for these services, assuming that the goal is to cover only variable and direct fixed costs?
b. Assume that the Audiology Department is allocated $100,000 in totaloverhead bythe clinic, and the department director has allocated $50,000of this amount to the three services listed above. What is the fee scheduleassuming that these overhead costs must be covered? (Toanswer thisquestion, assume that the allocation of overhead costs to each service ismade on the basis of number of visits.)
c. Assume that these services must make a combined profit of $25,000. Now, what is the fee schedule? (To answer this question, assume that the profit requirement is allocated in the same way as overhead costs
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