Question

If your medical supplies are $5,000 and you had 3900 patient visits during the year, what is your variable cost per patient visit for medical supplies?

Answer 1

The variable cost per patient visit can simply be calculated by dividing the total cost of medical supplies by the total patient visits, that is:

variable cost = $5,000 / 3900 patient visits

Therefore:

variable cost = $1.28 per patient visit