Management has studied work patterns in the housekeeping department and estimates the number of hours...
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Accounting
Management has studied work patterns in the housekeeping department and estimates the number of hours to be worked as follows. Hours worked = (1,500 hours per month) + (0.50 * RVUS). For the coming month, management expects RVUs to be 5,800. What should budgeted labor for the month be? Quantity of services = $3,000 Fixed costs = $45,000 Average cost per unit = $150.00 Required profit = $30,000 A. B. C. D. E. $175.00 $300.00 $135.00 $310.00 $160.00 You increased rates by 10 percent across all services and profits decreased by 5 percent. Cost per unit remained constant. What could account for this change? A. Positive price elasticity B. Negative price elasticity C. High proportion of fixed price payers D. High proportion of cost payers
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