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Accounting
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Apr 3, 2024
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Critical Case for Billing & Coding Week 1 Results Health Care Finance: Critical Case for Billing and Coding Kalah Powell 06/05/2023 06:04 PM Scene Completion: 1. Meeting Your Mentor Completed 2. Meeting with the Controller Completed 3. Getting Some Input Completed 4. Analyzing the Data Completed 5. Talking to the Boss Completed 6. Digging Deeper COmpleted 7. Finally, the Solution Completed 8. Getting the Credit Completed 9. Coffee, Cake and Re-cap Completed 10. Assessment Completed Assessment Results: 70% (70 points) Question 1 Correct Question 2 Correct Question 3 Correct Question 4 Incorrect Question 5 Correct Question 6 Incorrect Question 7 Correct Question 8 Incorrect Question 9 Correct Question 10 Correct .j= Q Search L D g g ? U {:} _T‘
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Homework: Cost Management and Allocation Assignment
Question 7- Homework: Cost Management and Allocation Assignment- Connect
Homework: Cost Management and Allocation Assignm... i
Saved
Help
Save & Exit
Submit
Check my work
State Financial Corp. has three service departments (Administration, Communications, and Facilities), and two production departments
(Deposits and Loans). A summary of costs and other data for each department prior to allocation of service department costs for the
year ended December 31 follows.
4.
points
Administration Communications
Facilities
Deposits
$8,320,000 $4,600,000
447, 000
Loans
Direct costs
$200,000
24,000
$290,000
31,000
$253,000
20,500
Employee hours
Number of employees
Square footage occupied
Skipped
360,000
8.
14
6.
230
130
4,600
13,800
5,100
244, 100
203,300
The costs of the service departments are allocated on the following bases: Administration, employee-hours; Communications, number
of employees; and Facilities, square…
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Objective 4 - Explain how ABC can be simplified.The Bienestar Cardiology Clinic has two major activities: diagnostic andtreatment. The two activities use four resources: nursing, medical technicians,cardiologists, and equipment. Detailed interviews have provided the workdistribution matrix shown
Activity Nursing Technicians Cardiologists Equipmnt Total activity time
Diagnostic 0,7 0,8 0,4 0,6 12.000 hours
Treating 0,3 0,2 0,6 0,4 8.000 hours
Total time 4.000 4.000 6.000 6.000 20.000 hours
Cost 80.000 80.000 320.000 320.000
The total time estimated corresponds to practical capacity (interviewersadjusted the total time to about 80 percent of the available time). Theequipment time is measured in machine hours. Thus, the total time (atpractical capacity) in the system is 20,000 hours. In…
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Objective 4 - Explain how ABC can be simplified.The Bienestar Cardiology Clinic has two major activities: diagnostic andtreatment. The two activities use four resources: nursing, medical technicians,cardiologists, and equipment. Detailed interviews have provided the workdistribution matrix shown
Activity Nursing Technicians Cardiologists Equipmnt Total activity time
Diagnostic 0,7 0,8 0,4 0,6 12.000 hours
Treating 0,3 0,2 0,6 0,4 8.000 hours
Total time 4.000 4.000 6.000 6.000 20.000 hours
Cost 80.000 80.000 320.000 320.000
The total time estimated corresponds to practical capacity (interviewersadjusted the total time to about 80 percent of the available time). Theequipment time is measured in machine hours. Thus, the total time (atpractical capacity) in the system is 20,000 hours. In…
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>
Week 9
Assignment 9.4
Assignment 9.4 - BUSINESS PLAN
Upload your assignment through the link
provided in this week's assignments folder.
The financial and accounting statements
provide the information needed to measure
the projected success of the business plan.
The recipient of the business plan will want to
have an understanding of this information in
assessing the performance of the proposed
business plan. The two questions to answer
are the following:
a. What information will be needed to
develop the accounting and financial
statements.
b. What information is needed to explain
the importance of these statements to
the other business functions.
The discussion shall be approximately 1½ to 2
pages in length, doubled space, using a size
12 font. Any direct quotes or the paraphrase of
unique thoughts of others should be properly
cited and referenced using general APA
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hre.7
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TASK SEVEN
ABC, health care. Crosstown Health Center runs two programs: drug addict rehabilitation and after care (counseling and support of patients after release from a mental hospital). The center’s budget for 2017 follows.
Professional salaries:
4 physicians * $150,000 $600,000
12 psychologists * $75,000 900,000
16 nurses * $30,000 480,000 $1,980,000
Medical supplies 242,000
Rent and clinic maintenance 138,600
Administrative costs to manage patient charts, food, laundry 484,000
Laboratory services…
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accounting question
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Unit VI Assignment Instructions: This assignment involves answering a series of questions, and each question provides you with an opportunity to accomplish the following course learning outcome: 8. Critique interview techniques. Be sure to answer each question, save all of your work in this template, and submit it in Blackboard for grading. 1. After answering the last question, Jason said thank you and the interview was over. Briefly describe one or more techniques that Jason could have used to improve the conclusion of his interview. Your response should be at least 75 words. 2. Danielle was interviewing for a position, and the interviewer asked for her salary requirements. As Danielle was not expecting to hear that question, she mumbled for a minute before eventually saying $40,000.00, which is low for someone with her experience. Briefly describe one or more techniques…
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Financial accounting question
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I need this question general accounting
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View Policies
Current Attempt in Progress
Blossom's Medical operates three support departments and two operating units, Surgery and ER. The support departments are
allocated based on the hours used. The cost of operating the accounting (acct), administration (admin), and human resources (HR)
departments is $274500, $164700, and $66000, respectively. Information on the hours used are as follows:
Acct
Admin
HR
Surgery
ER
Hours in Acct
20
48
360
220
Hours in Admin
16
8
120
80
Hours in HR
8
4
65
130
What amount of costs would be allocated from the HR department to the other support departments (Acct and Admin) using the
reciprocal method to allocate costs? (Do not round the intermediate calculations.)
$5438.
$0.
$7203.
$6894.
eTextbook and Media
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II I I " I| II |I
+ **
+ + + -
10/8/2021
Chapter 5 - Homework-sehrish bashir
3. Petal Bags (PB) is a designer of high-quality backpacks and purses. Each design is made in small batches. Each spring, PB
comes out with new designs for the backpack and the purse. The company uses these designs for a year and then moves
on to the next trend. The bags are all made on the same fabrication equipment that is expected to operate at capacity. The
equipment must be switched over to a new design and set up to prepare for the production of each new batch of products.
When completed, each batch of products is immediately shipped to a wholesaler. Shipping costs vary with the number of
shipments. Budgeted information for the year is as follows:
7(Click the icon to view the budgeted information.)
Read the requirements.
Requirement 1. Identify the cost hierarchy level for each cost category.
Cost
Cost Hierarchy Level
()
(2)
Direct materials-purses
Direct materials-backpacks
Direct labor-purses
()
()
(5)…
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Current Attempt in Progress
Blue Spruce's Medical operates three support departments and two operating units, Surgery and ER. The support departments are
allocated based on the hours used. The cost of operating the accounting (acct), administration (admin), and human resources (HR)
departments is $267800, $150600, and $71600, respectively. Information on the hours used are as follows:
Hours in Acct
Hours in Admin
Hours in HR
Acct
$0.
$276955.
$274542.
$251890.
16
8
Admin
20
4
HR
48
8
Surgery ER
360
220
120
65
80
130
What are the total costs allocated to the surgery department from the supporting departments? (Do not round the intermediate
calculations.)
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Latisha Simmons, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown in the
following table.
Task
Element
1
2
3
4
Performance
Rating
110%
95%
80%
85%
1
0.4
46
0.6
Observation (minutes per cycle)
2
3
4
10007
3858
0.3
0.8
0.5
0.5
to ao co in
1.8
0.8
0.5
1.6
The allowances for tasks such as this are personal, 8%; fatigue, 10% ; and delay, 3%.
a) The normal time for the complete operation = minutes (round your response to two decimal places).
b) The standard time for this process = minutes (round your response to two decimal places).
0.8
0.5
0.5
0.4
1.7
1.9
5
0.5
0.6
0.5
1.4
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i want to this question answer General accounting question
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Title
This exercise was contributed by Dr. Rick Wilson of Oklahoma State University to illustrate the...
Description
This exercise was contributed by Dr. Rick Wilson of Oklahoma State University to illustrate the modeling capabilities of Excel Solver. You are working with a large set of temporary workers (collection of interns, retirees, etc.) to create a draft plan to staff a nighttime call center (for the near future). You also have a handful of full-time workers who are your “anchors”—but you have already placed them in the schedule and this has led to your staffing requirements. They (full-time workers) are of no concern to you in the model. These staffing requirements are by day: You need 15, 20, 19, 22, 7, 32, and 35 staff for M, T, W, Th, F, Sat, Sun (respectively). You have between 8 and 10 of the pool who cannot work on the weekend (Saturday or Sunday). For these “Weekday Only” folks, there are 3 shifts possible: They will work 4 of the 5 weekdays, one shift will have…
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Need help on section B Thanks
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- ezto.mheducation.com Homework: Cost Management and Allocation Assignment Question 7- Homework: Cost Management and Allocation Assignment- Connect Homework: Cost Management and Allocation Assignm... i Saved Help Save & Exit Submit Check my work State Financial Corp. has three service departments (Administration, Communications, and Facilities), and two production departments (Deposits and Loans). A summary of costs and other data for each department prior to allocation of service department costs for the year ended December 31 follows. 4. points Administration Communications Facilities Deposits $8,320,000 $4,600,000 447, 000 Loans Direct costs $200,000 24,000 $290,000 31,000 $253,000 20,500 Employee hours Number of employees Square footage occupied Skipped 360,000 8. 14 6. 230 130 4,600 13,800 5,100 244, 100 203,300 The costs of the service departments are allocated on the following bases: Administration, employee-hours; Communications, number of employees; and Facilities, square…arrow_forwardObjective 4 - Explain how ABC can be simplified.The Bienestar Cardiology Clinic has two major activities: diagnostic andtreatment. The two activities use four resources: nursing, medical technicians,cardiologists, and equipment. Detailed interviews have provided the workdistribution matrix shown Activity Nursing Technicians Cardiologists Equipmnt Total activity time Diagnostic 0,7 0,8 0,4 0,6 12.000 hours Treating 0,3 0,2 0,6 0,4 8.000 hours Total time 4.000 4.000 6.000 6.000 20.000 hours Cost 80.000 80.000 320.000 320.000 The total time estimated corresponds to practical capacity (interviewersadjusted the total time to about 80 percent of the available time). Theequipment time is measured in machine hours. Thus, the total time (atpractical capacity) in the system is 20,000 hours. In…arrow_forwardObjective 4 - Explain how ABC can be simplified.The Bienestar Cardiology Clinic has two major activities: diagnostic andtreatment. The two activities use four resources: nursing, medical technicians,cardiologists, and equipment. Detailed interviews have provided the workdistribution matrix shown Activity Nursing Technicians Cardiologists Equipmnt Total activity time Diagnostic 0,7 0,8 0,4 0,6 12.000 hours Treating 0,3 0,2 0,6 0,4 8.000 hours Total time 4.000 4.000 6.000 6.000 20.000 hours Cost 80.000 80.000 320.000 320.000 The total time estimated corresponds to practical capacity (interviewersadjusted the total time to about 80 percent of the available time). Theequipment time is measured in machine hours. Thus, the total time (atpractical capacity) in the system is 20,000 hours. In…arrow_forward
- > Week 9 Assignment 9.4 Assignment 9.4 - BUSINESS PLAN Upload your assignment through the link provided in this week's assignments folder. The financial and accounting statements provide the information needed to measure the projected success of the business plan. The recipient of the business plan will want to have an understanding of this information in assessing the performance of the proposed business plan. The two questions to answer are the following: a. What information will be needed to develop the accounting and financial statements. b. What information is needed to explain the importance of these statements to the other business functions. The discussion shall be approximately 1½ to 2 pages in length, doubled space, using a size 12 font. Any direct quotes or the paraphrase of unique thoughts of others should be properly cited and referenced using general APAarrow_forwardhre.7arrow_forwardTASK SEVEN ABC, health care. Crosstown Health Center runs two programs: drug addict rehabilitation and after care (counseling and support of patients after release from a mental hospital). The center’s budget for 2017 follows. Professional salaries: 4 physicians * $150,000 $600,000 12 psychologists * $75,000 900,000 16 nurses * $30,000 480,000 $1,980,000 Medical supplies 242,000 Rent and clinic maintenance 138,600 Administrative costs to manage patient charts, food, laundry 484,000 Laboratory services…arrow_forward
- accounting questionarrow_forwardUnit VI Assignment Instructions: This assignment involves answering a series of questions, and each question provides you with an opportunity to accomplish the following course learning outcome: 8. Critique interview techniques. Be sure to answer each question, save all of your work in this template, and submit it in Blackboard for grading. 1. After answering the last question, Jason said thank you and the interview was over. Briefly describe one or more techniques that Jason could have used to improve the conclusion of his interview. Your response should be at least 75 words. 2. Danielle was interviewing for a position, and the interviewer asked for her salary requirements. As Danielle was not expecting to hear that question, she mumbled for a minute before eventually saying $40,000.00, which is low for someone with her experience. Briefly describe one or more techniques…arrow_forwardFinancial accounting questionarrow_forward
- I need this question general accountingarrow_forwardView Policies Current Attempt in Progress Blossom's Medical operates three support departments and two operating units, Surgery and ER. The support departments are allocated based on the hours used. The cost of operating the accounting (acct), administration (admin), and human resources (HR) departments is $274500, $164700, and $66000, respectively. Information on the hours used are as follows: Acct Admin HR Surgery ER Hours in Acct 20 48 360 220 Hours in Admin 16 8 120 80 Hours in HR 8 4 65 130 What amount of costs would be allocated from the HR department to the other support departments (Acct and Admin) using the reciprocal method to allocate costs? (Do not round the intermediate calculations.) $5438. $0. $7203. $6894. eTextbook and Mediaarrow_forwardII I I " I| II |I + ** + + + - 10/8/2021 Chapter 5 - Homework-sehrish bashir 3. Petal Bags (PB) is a designer of high-quality backpacks and purses. Each design is made in small batches. Each spring, PB comes out with new designs for the backpack and the purse. The company uses these designs for a year and then moves on to the next trend. The bags are all made on the same fabrication equipment that is expected to operate at capacity. The equipment must be switched over to a new design and set up to prepare for the production of each new batch of products. When completed, each batch of products is immediately shipped to a wholesaler. Shipping costs vary with the number of shipments. Budgeted information for the year is as follows: 7(Click the icon to view the budgeted information.) Read the requirements. Requirement 1. Identify the cost hierarchy level for each cost category. Cost Cost Hierarchy Level () (2) Direct materials-purses Direct materials-backpacks Direct labor-purses () () (5)…arrow_forward
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Recommended textbooks for you
- Managerial AccountingAccountingISBN:9781337912020Author:Carl Warren, Ph.d. Cma William B. TaylerPublisher:South-Western College PubFinancial And Managerial AccountingAccountingISBN:9781337902663Author:WARREN, Carl S.Publisher:Cengage Learning,
- Cornerstones of Cost Management (Cornerstones Ser...AccountingISBN:9781305970663Author:Don R. Hansen, Maryanne M. MowenPublisher:Cengage Learning

Managerial Accounting
Accounting
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:South-Western College Pub

Financial And Managerial Accounting
Accounting
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:Cengage Learning,

Cornerstones of Cost Management (Cornerstones Ser...
Accounting
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Cengage Learning