Answer the following questions using the information below:
Dr. Charles Hunter, MD, performs a certain outpatient procedure for $1,000. His fixed costs are $20,000, while his variable costs are $500 per procedure. Dr. Hunter currently plans to perform 200 procedures this month.
-What is the budgeted revenue for the month assuming that Dr. Hunter plans to perform this procedure 200 times?
A)$100,000
B)$200,000
C)$300,000
D)$400,000

Question

Quizplus · Accepted Answer

The budgeted revenue is calculated by multiplying the number of procedures by the price per procedure: 200 procedures * $1,000 per procedure = $200,000.

Answer the Following Questions Using the Information Below