Chapter 5 - MSDRG Calculations_Class Activity AS

eBook Question Content Area Activity-based costing for a service company Crosswinds Hospital plans to use activity-based costing to assign hospital indirect costs to the care of patients. The hospital has identified the following activities and activity rates for the hospital indirect costs: Activity Activity Rate Room and meals $219 per day Radiology $309 per image Pharmacy $50 per physician order Chemistry lab $91 per test Operating room $680 per

Financial Information Table

google x S Dallas x B Score X M mybox com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Calcul x Ber eBook Type of Admission Unscheduled admission Scheduled admission Direct Labor Standards for Nonmanufacturing Expenses Englert Hospital began using standards to evaluate its Admissions Department. The standard was broken into two types of admissions as follows: Standard Time to Complete Admission Record Print Item b. What are the standard hours for the actual volume for the week (round to the nearest whole hour)? hours. Check My Work # 30 min. 20 min. The unscheduled admission took longer because name, address, and insurance information needed to be determined and verified at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time-consuming. [3 The Admissions Department employs three full-time people (40 productive hours per week, with no overtime) at $15 per hour. For the most recent week, the…

nment i Exercise 4-3A (Static) ?Prescription drugs Lori Garrett is wondering what elements are in a qualified health plan. Which of the following would be included? (You may select more than one answer. Single click the box with the question me produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong Any boxes left with a question mark will be automatically graded as incorrect.) ? Preventive and wellness services ?Mental health benefits ? Pet insurance premiums $ R % 5 ▬ T G Q Search 6 B H & 7 prt sc F10 O (DELL) O 61 He =

Don't use ai i will report you answer solve it as soon as possible with proper explanation

Please explain your answer to the question above, being as specific as possible.

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…

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…

partial list of Foothills Medical Center’s costs follows:a. Cost of laundry services for operating room personnelb. Salary of intensive care personnelc. Depreciation on patient roomsd. Cost of blood testse. Nurses’ salariesf. Cost of patient mealsg. Overtime incurred in the Patient Records Department due to a computerfailureh. Operating room supplies used on patients (catheters, sutures, etc.)i. Doctor’s feej. Cost of X-ray testk. Cost of maintaining the staff and visitors’ cafeterial. Cost of drugs used for patientsm. Cost of intravenous solutions used for patientsn. Cost of improvements on the employee parking loto. Salary of the nutritionistp. General maintenance of the hospitalq. Cost of advertising hospital services on televisionr. Cost of new heart wings. Training costs for nursest. Depreciation of X-ray equipmentu. Utility costs of the hospital Instructions1. What would be Foothills Medical Center’s most logical definition for the final cost object? Explain.2. Identify whether…

Not Graded please assist   ABC-A Service ApplicationGrand Haven is a senior living community that offers a full range of services including independent living, assisted living, and skilled nursing care. The assisted living division provides residential space, meals, and medical services (MS) to its residents. The current costing system adds the cost of all of these services (space, meals, and MS) and divides by total resident days to get a cost per resident day for each month. Recognizing that MS tends to vary significantly among the residents, Grand Haven's accountant recommended that an ABC system be designed to calculate more accurately the cost of MS provided to residents. She decided that residents should be classified into four categories (A, B, C, D) based on the level of services received, with group A representing the lowest level of service and D representing the highest level of service. Two cost drivers being considered for measuring MS costs are number of assistance calls…

Projected Revenues by Patient Services Department Routine Care Laboratory Radiology Assume that the hospital uses the direct method for cost allocation. Furthermore, the cost driver for general administration and financial services is patient services revenue, while the cost driver for facilities is space utilization. a. What are the appropriate allocation rates? b. Use an allocation table similar to Exhibit 6.7 to allocate the hospital's overhead costs to the patient services departments. Total revenues Projected Costs for All Departments Patient Services Departments (Direct Costs): Routine Care Laboratory Radiology Total costs Support Services Departments (Overhead Costs): Financial Services Facilities Housekeeping General Administration Human Resources Total overhead costs Total costs of both patient and support services Projected profit EXHIBIT 6.7 Kensington Hospital: Final Allocations Support Department (allocation rate) Financial Services ($0.05556) Facilities Housekeeping…

how do you use a functional-based approach to figure out a cost per patient day in a hospital?

Which of the following activity bases would be the most appropriate for food costs of a hospital? a.quantity of prescriptions filled b.how many MRI's are taken c.number of nurses scheduled to work d.number of patients who stay in the hospital

Q Search References Review View Help Tell me what you want to do O Editing I U Dv Av .…. 11 A A B 出<=<三v| Use the following information to answer questions #1-4 Mrs. Smith has a monthly payment of $230 for health insurance, a $500 deductible, an 80%/20% co- insurance and co-payments of $15 for prescriptions and $45 for office visits. 1. What is Mrs. Smith's premium? a. $45 b. $230 C. $500 d. $1,000 2. What amount will Mrs. Smith have to pay for medical services before the policy begins to pay? a. $45 b. $230 C. $500 d. $1,000 r for a small nrocedure costing $1,000 what percentage of the me

What is supposed to be credited in utilities expense?

5points     ItemSkipped     eBook Print Check my workCheck My Work button is now enabled Item 5 Item 5 5 points Item Skipped The information below pertains to the retiree health care plan of Thompson Technologies:    ($ in 000s)   2018BeginningBalances   2018EndingBalances Accumulated postretirement benefit obligation   $ 560         $ 585     Plan assets     0           75     Funded status     (560 )         (510 )   Prior service cost–AOCI     195           158     Net gain–AOCI     (65 )         (64 )     Thompson began funding the plan in 2018 with a contribution of $142,000 to the benefit fund at the end of the year. Retirees were paid $53,000. The actuary’s discount rate is 5%. There were no changes in actuarial estimates and assumptions. Required:1. Determine the service cost for 2018.2. Determine the postretirement benefit expense for 2018.3. Determine the net benefit liability for 2018.

rrrrrrrrr

ABC, Resource Drivers, Service Industry Glencoe Medical Clinic operates a cardiology care unit and a maternity care unit. Colby Hep worth, the clinic’s administrator, is investigating the charges assigned to cardiology patients. Currently, all cardiology patients are charged the same rate per patient day for daily care services. Daily care services are broadly defined as occupancy, feeding, and nursing care. A recent study, however, revealed several interesting outcomes. First, the demands patients place on daily care services vary with the severity of the case being treated. Second, the occupancy activity is a combination of two activities: lodging and use of monitoring equipment. Since some patientsrequire more monitoring than others, these activities should be separated. Third, the daily rateshould reflect the difference in demands resulting from differences in patient type. Separating theoccupancy activity into two separate activities also required the determination of the cost of…

ABC, Resource Drivers, Service Industry Glencoe Medical Clinic operates a cardiology care unit and a maternity care unit. Colby Hepworth, the clinic’s administrator, is investigating the charges assigned to cardiology patients. Currently, all cardiology patients are charged the same rate per patient day for daily care services. Daily care services are broadly defined as occupancy, feeding, and nursing care. A recent study, however, revealed several interesting outcomes. First, the demands patients place on daily care services vary with the severity of the case being treated. Second, the occupancy activity is a combination of two activities: lodging and use of monitoring equipment. Since some patients require more monitoring than others, these activities should be separated. Third, the daily rate should reflect the difference in demands resulting from differences in patient type. Separating the occupancy activity into two separate activities also required the determination of the cost…

1. Start Excel and create an excel workbook with the data shown below: FILE НОМЕ INSERT PAGE LAYOUT FORMULAS DATA REV H11 B G 1 Exercise Pro 2 2018 Regional Sales to Health Clubs Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total of Total 4 Northeast 275794.5 183555.3 282555.3 226634.9 5 Southeast 626898.1 133106.8 243106.8 155574.8 6 West 394216.7 266774.1 186774.1 291697 7 Total Sales 8. 6. 10 2. Change the theme according to your choice. Autofit the column widths. 3. Merge and center the title in cell A1 across columns A:G and apply the Title cell style. Merge and center the subtitle in cell A2 across columns A:G. 4. Center the column titles in cells B3:H3. 5. In cell B7, enter a SUM function to total the Quarter 1 sales. Copy the sum to the remaining quarters in cells C7:E7. In cell F4, enter a SUM function to totalthe Northeast sales for the four quarters. Conythe formula 16.

Sheffield Corp. uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. Accounts receivable are $430,800 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,864. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of $887 instead of a credit balance of $2,864, prepare the adjusting journal entry for bad debt expense.

please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)

Pareto chart and cost of quality report for a service company The administrator of Liberty Hospital has been asked to perform an activity analysis of the emergency room (ER). The ER activities include cost of quality and other patient care activities. The lab tests and transportation are hospital services external to the ER for determining external failure costs. The result of the activity analysis is summarized as follows: Activities Activity Cost Patient registration $ 6,500 Verifying patient information 9,700 Assigning patients 13,000 Searching/waiting for doctor 9,200 Doctor exam 4,900 Waiting for transport 17,500 Transporting patients 16,200 Verifying lab orders 14,500 Searching for equipment 8,200 Incorrect labs 11,300 Lab tests 17,000 Counting supplies 19,000 Looking for supplies 8,200 Staff training 4,800 Total $160,000   a.   b.   c.   d.      Classify the…

Need help with answering the questiins. Thank you