Assume a specialty group has the following cost structure and that the group expects to perform 7,500 procedures in the coming year:
fixed costs $500,000
Variable cost per procedure $25
Charge (revenue) per procedure $100
what is the contribution margin per procedure and break-even point?
$75 and 6666 procedures
$100 and 7500 procedures
$20 and 6666 procedures
$75 and 5000 procedures