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1. What is the estimate of the marginal cost of the Phase 4 hospital services assuming, as given in the case, that 60 percent of the designated costs are fixed and the remaining costs are variable? INPUT DATA: | | | | | | | | | Phase 4 Hospital Costs: | | | | | | | | | | Average | | | Category | | Cost | | | | | | | | Nursing | | $ 13,314 | | | Ancillary | | 53,245 | | | OR | | 5,906 | | | Laboratory | | 8,097 | | | Radiology | | 1,389 | | | Drug | | 15,268 | | | Other | | 22,586 | | | | | | | | Total | | $ 119,805 | | | | | | | | Contract volume | | 0 | | | | | | | Proportion of fixed costs for categories | 60.0% | | that have both fixed and variable | | | components | | | | | | | | | | New (marginal) fixed costs required as | 0.0% | | a proportion of current total fixed costs | | | | | | | | | | | | | KEY OUTPUT: | | | | | | | | | | | Contract volume | | | - | | Marginal variable cost (variable cost rate) | $ 71,468 | | Marginal fixed cost | | | $ - | | Total contract marginal costs | | $ - | | Average cost per contract transplant | #DIV/0! | | | | | | | | 2. Create the underlying cost structure (cost behavior) equation. What is the relevant range for this structure? Does the structure change if the contract is expected to bring more than 30 additional transplant patients? * Underlying cost structure:
TC= FC+VR*people = 48337+71468*p * Relevant rage is 90-150 * Yes, the cost structure would vary because the fixed cost is likely to change 15-25% if we exceed

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