The increased use of expensive medical technology is the most important factor leading to rising health care costs in the united states since 1980.
<h3>Why is medical technology so expensive?</h3>
- Due to the high expenditures of clinical trials, research and development, and market variables, medical equipment is quite expensive. A cutting-edge medical technology nearly typically costs more money.
- America's healthcare system has grown more complex. Each insurer has their own specifications. Because of this, hospitals must produce a wide range of documentation according to the patient's insurance company. They are unable to reduce expenses and standardise the procedure.
- The money needed to establish the infrastructure for a private medical college is the cause of the high fees.
- If you are unable to obtain a seat at the government medical college of India, it may be assumed that becoming a doctor in India might be quite expensive.
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Answer: $66.90 per unit
Explanation:
Cost that would be avoided is:
= Direct materials + Direct cost + Variable manufacturing overhead + part of fixed manufacturing overhead
= 20.80 + 26.50 + 6.90 + (36.10 - 31.40)
= $58.90
If the outside supplier commits to 59,000 units a year, the company should not pay more than:
= (Number of units supplied * Avoidable cost + contribution margin on other product (opportunity cost) ) / Number of units supplied
= (59,000 * 58.90 + 472,000) / 59,000
= $66.90 per unit
Answer:
$2 per-unit cost of production
Explanation:
since 20 units are produced and 10 units of input are used so,
divide 20/ 10 to get per unit cost of production.
20/10 = $2
You can use excel to create one
