Fixed and variable costs to complete blood counts
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In a clinical laboratory, the following cost pertain to complete blood counts:
Annual Fixed costs = $50,000
Variable costs per tests = $15
1. What is the total annual cost for 1000 tests?
2. What is the total cost per test for 1000 tests?
3. What is the total annual cost for 5000 tests?
4. What is the total cost per test for 5000 tests?
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Solution Summary
The solution computes total annual cost, total cost per test for blood tests.
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1. The total annual cost will include both fixed and variable cost. Total Annual cost = ...
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