1. The Dental Services department of Our Town Community Health Center provides 3services: Routine examinations, cleanings, and fillings.The fully allocated costs in 2020 for the Dental Services Department were $600,000.Information on the services performed in 2020 are listed in the table below.Total Charges Billed300,000187,500210,000Service#ProceduresTotal Revenues2,0001,500700$260,000$170,000$210,000ExamsCleaningsFillingsA) Using the Cost to Charge Ratio Method using charges, what is the cost incurred during2020 for the Dental Services Department to perform exams, cleanings, and fillings (inaggregate)?B) What is the average cost per exam, per deaning, and per filling?2) The Dental Services Department Manager just found out about another way to estimatetheir service costs: the RVU Method.Exams have an RVU of 1Cleanings have an RVU of 0.75Fillings have an RVU of 3A) How many RVUs did the Dental Services Department produce in 20207?B) What is the cost per RVU?9 Using the RVU method, how much of the Dental Services Departments Fullyallocated costs were due to performing exams, cleanings, and fillings? (I.e, totalcosts for each of those services)D) What were their costs per exam, per cleaning, and per filling?E) How do the costs estimated using the RVU method compare to the costs estimatedusing CCR? Which method do you recommend they use.NEED 2C 2D 2EPlease be careful its my last question take ur time and give correct and unique answer

Cost to Charge Ratio - It is calculated as hospital's total gross charges divided by its total…

Answered: 1. The Dental Services department of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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33) Everyone Deserves to Smile mobile dentist office budgeted for 4365 patient visits a year. Everyone Deserves to Smile actually saw 4400 patients during the year and they have provided the following data: Revenue Personnel Expenses Medical Supplies Occupancy Expenses Admin Expenses Fixed Portion for Budget A) Cannot be determined C) $2000 Favorable $80,000 $12,000 $19,000 Variable Portion per patient visit for Budget $67 $13 $1.75 $0.25 Based on the given information, what is the volume variance for personnel expenses? Actual Results B) $0 D) $2000 Unfavorable $417,000 $78.000 $38.200 $18.000 $19,650 33)
Falls Creek Community Health Clinic uses the high-low method to analyze cost behavior and has determined that number of patients treated predict the clinic's total treatment costs. Determine the cost function (formula) for total treatment costs. What will the estimated treatment cost be if Falls Creek treats 1,402 patients in a month? Total Number Treatment of Patients Costs January $3,410 February $3,790 $3,574 $3,730 $4,500 1060 1180 March 1030 April 1260 May 1310 $4,294 June 1430 (Round your final answer to two decimal places)
The City of Castleton’s General Fund had the following post-closing trial balance at June 30, 2019, the end of its fiscal year: Debits Credits Cash $ 476,000 Taxes Receivable—Delinquent 601,000 Allowance for Uncollectible Delinquent Taxes $ 189,120 Interest and Penalties Receivable 28,080 Allowance for Uncollectible Interest and Penalties 12,960 Inventory of Supplies 17,900 Vouchers Payable 166,500 Due to Federal Government 77,490 Deferred Inflows of Resources—Unavailable Revenues 427,000 Fund Balance—Nonspendable—Inventory of Supplies 17,900 Fund Balance—Unassigned 232,010 $ 1,122,980 $ 1,122,980 Prepare a General Fund balance sheet as of June 30, 2020.
2a
For the month of June 2023, patient charges at Southfield Hospital (a not-for-profit hospital) were $2,940,000. Third-party payers were billed $1,900,000. The hospital estimated that contractual adjustments would reduce the amount collected from their-party payers to $1,790,000. Prepare the neccessary journal entry to record the contractual adjustments.
An outpatient surgery center performs 10,000 procedures in 2020 and incurs a total cost for utilities equal to $20,000. In 2021, the center performs 12,000 procedures and incurs a utilities cost equal to $22,000. The total fixed cost of utilities (either year) is _____________ .
Font Paragraph Styles 6. Assume you are the chief administrator of a small healthcare facility and are comparing the actual cost to the budgeted cost. Prepare a Comparative Analysis of Actual to Budget and write a brief paragraph on how you believe this unit performed during the year. 2021 Actual Difference 2020 Budget Dollars Dollars Dollars Maintenance Expense $300,000.00 $450,000.00 Dietary Expense $615,000.00 $645,000.00 General Services $21,500,000.00 ? $21,200,000.00 ? Supply Expense Total $5,500,000.00 $6,150,000.00
2
Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors-home nursing, Meals On Wheels, and housekeeping. Data on revenue and expenses for the past year follow: Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability insurance. Program administrators' salaries General administrative overhead* Total fixed expenses Net operating income (loss) Total $ 924,000 469,000 455,000 70,500 43,500 114,100 184,800 412,900 $ 42,100 Home Nursing $ 264,000 119,000 145,000 8,900 20,300 40,200 52,800 122, 200 $ 22,800 Meals On Wheels $ 409,000 194,000 215,000 40,800 7,300 38,800 81,800 168, 700 House- keeping $ 251,000 156,000 95,000 20,800 15,900 35,100 50,200 122,000 $ 46,300 $ (27,000) *Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, considers last…
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