Reference no: EM133115129
Question - You run a small home care agency providing home health aide services to disabled people. These are your costs:
Rent for office $2,500/month
Manager's salary $3,250/month
Home health aide wages $ 16/hour
Supplies $ 2/visit
All costs are either fixed or variable. Not one is semi-variable.
Each visit, including travel time, lasts one hour, on average.
You are paid an average of $25 per visit.
a. What is Total fixed costs?
b. What is Variable cost per unit?
c. What is Break even quantity?
d. What is Break even revenue?
e. Please calculate Total revenue and Total cost at Break even quantity.
f. Suppose that Revenue per unit falls to $20. Nothing else changes. Actual Quantity is 1,600 visits/month. Is there a surplus or loss? If so, how much?
g. Please express any surplus or loss as a percentage of Total revenue.
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