
Chapter 11: Financial Management
Presentation
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Other
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University
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Practice Problem
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Easy
Amanda Laffoon
Used 1+ times
FREE Resource
35 Slides • 5 Questions
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Poll
What would be a fixed cost?
Building Rent/Mortgage
Retail
Medical Supplies
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Poll
What would be a variable cost?
Biomedical Waste Pick Up
Medical Insurance
Staff Payroll
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Fee Schedule
Scenario: Canine Spay Procedure
Given Costs and Time:
Fixed costs/minute: $2.50
Staff costs/minute: $1.75
DVM costs/minute: $4.00
Length of procedure in staff minutes: 45 minutes
Length of procedure in DVM minutes: 30 minutes
Direct costs (e.g., anesthesia, sutures, medications, supplies): $50
Profit goal: $75
Step-by-Step Calculation
(Fixed costs + Staff costs) × (Staff minutes)
( 2.50 + 1.75 ) × 45 = 191.25
(DVM costs) × (DVM minutes)
4.00 × 30 = 120.00
(Direct costs × 2)
50 × 2 = 100.00
Adding profit
191.25 + 120.00 + 100.00 + 75 = 486.25
Final Fee for Canine Spay
✅ $486.25
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Word Cloud
What type of "goals" are placed on vet staff to create profit?
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Poll
Does your practice allow checks as payment?
Yes
No
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Poll
Does your pet have insurance?
Yes
No
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Show answer
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