Problemsuppose a clinical laboratory has fixed costs of, Ask an Expert

Accounting

Problem:

Suppose a clinical laboratory has fixed costs of $600,000, a variable cost rate of $25, and average per-test revenue of $60.

Required:

Question 1: What is the contribution margin?

Question 2: What is the breakeven volume (number of tests)?

Note: Please show the work not just the answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165892

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