Question 41 (13 points total) (Provide answers below and upload Excel template with detail calculations) Revisiting your role as the manager for the phlebotomy lab, you are given the following information for the month of January 2020. The lab started performing a new test this month and you are trying to have a better sense of what this may mean for your financials in future months. For the purposes of this exercise, you are evaluating only this one test. -The lab performed 5,500 total tests - The relevant range for this test is 4,500 - 6,000 - Your total revenue (for this test) was $34,500 Your monthly expenses were as follows: a. Wages and benefits $18,500 b. Test kits $4,400 C. Equipment Depreciation $2,500 d. Misc. variable expenses $5,350 e Overhead (allocated) $4,550 Calculate the following: What are the total expenses? What are the total variable expenses? What are the total fixed expenses? What is the average revenue per test? (Round to two decimals, e.g., $9.99) What is the total contribution margin? What is the profit / (loss) for January? What is the contribution margin per test? What is the breakeven point in terms of number of units for this new test? Based on this information, would you recommend that your lab continue with this new test? Provide justification for your rationale similar to what you would use for discussion with your senior management. Only if you feel it's necessary, you can provide any assumptions you've made in calculating your responses to question 41./

pur-new-sol

Related Questions