SOLVED:Fixed and Variable Costs




“Fixed and Variable Costs” Please respond to the following: Assume that you are a financial administrator of a hospital, and you are responsible for reducing fixed costs for the facility. Determine the most significant fixed cost within the hospital, and recommend a strategy for reducing this cost 10% over the next year. Provide support for your strategy. As a health care administrator, suggest the type of costs that you are most likely to control. Suggest an approach to drive down this particular cost area. Provide support for your rationale.