Hello,
Please help! How do I do this problem without fixed cost.
City Hospital has variable cost of 80 million per year. These cost represent approsimately 75% of the total revenue. There are 50,000 patient-days estimated for next year.
a. What is the break-even point expressed in total revenue?
b. What is the average daily revenue per patient necessary to break-even?
How do I figure this out without?
Thanks,
Ebony