Fixed and Variable Costs Exercise
Fixed costs are expenses that do not vary in total as the number of patients seen by the medical practice grows or sh? Variable costs are expenses that are directly affected by patient volume. From the list below, identify expenses that as fixed costs (FC) and those that are variable costs (VC). \( \qquad \) 1. Interpreting laboratory test results
\( \qquad \) 2. Annual depreciation of the cost of an automatic electrocardiograph (ECG) machine
\( \qquad \) 3. Medical benefits for the clinic staff
\( \qquad \) 4. Purchase of reagent test strips for urinalysis
\( \qquad \) 5. Magazine subscriptions for the facility reception area
\( \qquad \) 6. Monthly telephone expenses
\( \qquad \) 7. Medical journal subscriptions for the providers
\( \qquad \) 8. Purchase of a HemoCue blood glucose system
\( \qquad \) 9. Weekly printing cost of a patient education brochure
\( \qquad \) 10. Purchase of open-shelf lateral files
\( \qquad \) 11. Adding a new position, such as a clinical medical assistant, to the clinic staff
\( \qquad \) 12. Property taxes on the medical facility building and grounds
\( \qquad \) 13. The monthly cost of janitorial services
\( \qquad \) 14. Purchase of disposable needle-syringe units
\( \qquad \) 15. Disposable paper gowns for patient examinations
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