Clinic cost?

Question

Clinic rents space for $2000/mth, 2 nurse $5000/mth each. receptionist mthly wages $2500. Supplies $30/per patient. Clinic sees 750 patient/mth. What is total fixed cost, total variable cost, total cost, average fixed cost, avrge var cost, avrge total cost

Answer 1

Total fixed costs-

Clinic rent $2000/mth $2,000

2 nurse $5000/mth each $10,000

receptionist mthly wages $2500

Total $14,500

Total variable costs-

Supplies $30/per patient $22,500

Total costs-

$14,500 + $22,500 = $37,000

average fixed cost-

$14,500/750 = $19.33 per patient

avrge var cost-

$22,500/750 = $30 per patient

avrge total cost-

$37,000/750 = $49.33 per patient