A Community health clinic's costs are shown below. What is total average cost per patient?4,824PatientsTotal variable costs$6,375Total fixed costs?Variable cost per?patientFixed cost per patient$2.40Total average cost perpatient?Round your answer to two decimal places. Do not round any intermediate calculations.

Question
Asked Oct 23, 2019
A Community health clinic's costs are shown below. What is total average cost per patient?
4,824
Patients
Total variable costs
$6,375
Total fixed costs
?
Variable cost per
?
patient
Fixed cost per patient
$2.40
Total average cost per
patient
?
Round your answer to two decimal places. Do not round any intermediate calculations.
help_outline

Image Transcriptionclose

A Community health clinic's costs are shown below. What is total average cost per patient? 4,824 Patients Total variable costs $6,375 Total fixed costs ? Variable cost per ? patient Fixed cost per patient $2.40 Total average cost per patient ? Round your answer to two decimal places. Do not round any intermediate calculations.

fullscreen
check_circle

Expert Answer

Step 1

Determine variable cost per unit.

fullscreen
Step 2

Determine total f...

4,824
$2.40
$11,577.60
Number of patients
Multiply: Fixed cost per patient|
Total fixed cost
help_outline

Image Transcriptionclose

4,824 $2.40 $11,577.60 Number of patients Multiply: Fixed cost per patient| Total fixed cost

fullscreen

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Business

Accounting

Financial Accounting

Related Accounting Q&A

Find answers to questions asked by student like you

Show more Q&A add
question_answer

Q: Practice 4: Port-a-Home Ltd (PL) produces two lines of mobile homes: Doublewide and singlewide. Unit...

A: When resources for production are contrained, the line of product generating maximum contribution pe...

question_answer

Q: The company's adjusted trial balance includes the following accounts balances: Cash, $15,000; Equipm...

A: Closing entries are passed in the end of the financial year to close all the temporary accounts by t...

question_answer

Q: Franco and Elisa share income equally. During the current year the partnership net income was $40,00...

A: The partner's capital represents the amount contributed in the business by the partner. It is comput...

question_answer

Q: conduct horizontal and vertical analyses for the balance sheet and income statement accounts and rep...

A: Horizontal analysis to determine the changes in short and long-term debt over time.

question_answer

Q: Why is the reporting of leases required? Justify your response.

A: A lease is an agreement where an asset is taken on rent and Lessor receives Lease rental in return. ...

question_answer

Q: Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tap...

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question s...

question_answer

Q: a. A new operating system for an existing machine is expected to cost $710,000 and have a useful lif...

A: a.Compute the net present value of investment “a”. 

question_answer

Q: rt A company sells a product which has a unit sales price of $6, unit variable cost of $4 and total ...

A: Compute contribution margin per unit as shown below:

question_answer

Q: Pelicans Ice is a snow cone stand near the local park. To plan for the future, it wants to determine...

A: Cost incurred to produce and sell a product consist of 2 components, variable cost, and fixed cost.V...