It takes a phlebotomist 15 minutes to complete a blood draw. The supplies for ea
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Question
It takes a phlebotomist 15 minutes to complete a blood draw. The supplies for each draw cost $4, and the phlbomtomist earns $20 per hour. The phlebotomy lab is designed to accommodate 20,000 draws per year. Its rent is $80,000 per year. What are the average and incremental costs of the blood draw when the volume is 20,000?
It takes a phlebotomist 15 minutes to complete a blood draw. The supplies for each draw cost $4, and the phlbomtomist earns $20 per hour. The phlebotomy lab is designed to accommodate 20,000 draws per year. Its rent is $80,000 per year. What are the average and incremental costs of the blood draw when the volume is 20,000?Explanation / Answer
Total cost of 20000 Draws: Rental cost 80,000 Supplies cost (20000*4) 80000 PHlBomtomist (20000*15/60*20) 100000 Total cost of 20000 Volume 260,000 Divide: Number of draws 20,000 Average Cost per draw 13 Incremental cost per draw Supplies cost per draw 4 Add: Phlbomtomist (15/60*20) 5 Incremental cost perr draw 9
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