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CHAPTER 7: SERVICE LINE COSTING AND PRICING Homework Problem 3.2 Allied Laboratories is combining some...

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CHAPTER 7: SERVICE LINE COSTING AND PRICING Homework Problem 3.2 Allied Laboratories is combining some of its most commom tests into a bundled, one-price package that contains three tests (Test A. Test B, and Test C) with the variable costs as stated below. When the tests are combined, only one syringe, form, and sterile bandage will be used. Furthermore, only one charge for breakage/losses will apply. Two blood vials are required, and reagent costs will remain the same (reagents from all three tests are requried). DATA: Supplies Syringe Blood Vial Forms reagents Bandage Breakage/boss Total cost per test Test A $2.50 1.75 0.30 2.25 0.20 0.15 $7.15 Test B $2.50 1.75 0.30 0.95 0.20 0.15 $5.85 Test C $2.50 1.75 0.30 1.60 0.20 0.15 $6.50 a. Using the above information, complete the following table: Cost of each for Test X Supplies Syringe Blood Vial Forms reagents Bandage Breakage/loss Total cost per test b. What price is needed to obtain a $6 contribution margin

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