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9:17 Problem Set: Module 2 1. EX.03.06 ALGO 2 EX.02.13.BLANKSHEET.ALGO 3. TMM 02.03 17 4. EX 02 11 EXCEL ALGO 5. EX.03.05 ALGO 6. EX 03.03.BLANKSHEET ALCO engagenow.com ® ON Disposable supplies Depreciation expense + Open spreadsheet overhead rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Nurse salaries Technician wages Total operating room overhead all 71% > 39 $309,900 77,500 33,100 288,100 131,300 $840,000 The overhead costs will be assigned to procedures, based on the number of surgical room hours. Poehling Medical Center expects to use the operating room an average of eight hours per day, seven days per week. In addition, the operating room will be shut down two weeks per year for general repairs. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. a. Determine the predetermined operating room overhead rate for the year. Round your answer to the nearest dollar. $ per hour b. Bill Harris had a six-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate determined in part (a)? Round your answer to the nearest dollar. c. During January, the operating room was used 220 hours. The actual overhead costs incurred for January were $63,800. Determine the overapplied operating overhead or underapplied operating overhead for the period. Enter your answer as a positive number. Round your answer to the nearest dollar.

9:17 Problem Set: Module 2 1. EX.03.06 ALGO 2 EX.02.13.BLANKSHEET.ALGO 3. TMM 02.03 17 4. EX 02 11 EXCEL ALGO 5. EX.03.05 ALGO 6. EX 03.03.BLANKSHEET ALCO engagenow.com ® ON Disposable supplies Depreciation expense + Open spreadsheet overhead rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Nurse salaries Technician wages Total operating room overhead all 71% > 39 $309,900 77,500 33,100 288,100 131,300 $840,000 The overhead costs will be assigned to procedures, based on the number of surgical room hours. Poehling Medical Center expects to use the operating room an average of eight hours per day, seven days per week. In addition, the operating room will be shut down two weeks per year for general repairs. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. a. Determine the predetermined operating room overhead rate for the year. Round your answer to the nearest dollar. $ per hour b. Bill Harris had a six-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate determined in part (a)? Round your answer to the nearest dollar. c. During January, the operating room was used 220 hours. The actual overhead costs incurred for January were $63,800. Determine the overapplied operating overhead or underapplied operating overhead for the period. Enter your answer as a positive number. Round your answer to the nearest dollar.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please answer all parts. Last part multiple choice: Underapplied Or overapplied
9:17 Problem Set: Module 2 1. EX.03.06.ALGO 2. EX.02.13.BLANKSHEET.ALGO 3. TMM.02.03 4. EX.02.11.EXCEL ALGO cengagenow.com 5. EX.03.05.ALGO 6. EX.03.03.BLANKSHEET.ALGO + Disposable supplies Depreciation expense Utilities Nurse salaries Open spreadsheet actory overhead rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Technician wages Total operating room overhead $ $309,900 77,600 33,100 ن %71 ||.. 288,100 131,300 $840,000 39 The overhead costs will be assigned to procedures, based on the number of surgical room hours. Poehling Medical Center expects to use the operating room an average of eight hours per day, seven days per week. In addition, the operating room will be shut down two weeks per year for general repairs. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. > a. Determine the predetermined operating room overhead rate for the year. Round your answer to the nearest dollar. per hour b. Bill Harris had a six-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate determined in part (a)? Round your answer to the nearest dollar. c. During January, the operating room was used 220 hours. The actual overhead costs incurred for January were $63,800. Determine the overapplied operating overhead or underapplied operating overhead for the period. Enter your answer as a positive number. Round your answer to the nearest dollar.
Transcribed Image Text:9:17 Problem Set: Module 2 1. EX.03.06.ALGO 2. EX.02.13.BLANKSHEET.ALGO 3. TMM.02.03 4. EX.02.11.EXCEL ALGO cengagenow.com 5. EX.03.05.ALGO 6. EX.03.03.BLANKSHEET.ALGO + Disposable supplies Depreciation expense Utilities Nurse salaries Open spreadsheet actory overhead rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Technician wages Total operating room overhead $ $309,900 77,600 33,100 ن %71 ||.. 288,100 131,300 $840,000 39 The overhead costs will be assigned to procedures, based on the number of surgical room hours. Poehling Medical Center expects to use the operating room an average of eight hours per day, seven days per week. In addition, the operating room will be shut down two weeks per year for general repairs. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. > a. Determine the predetermined operating room overhead rate for the year. Round your answer to the nearest dollar. per hour b. Bill Harris had a six-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate determined in part (a)? Round your answer to the nearest dollar. c. During January, the operating room was used 220 hours. The actual overhead costs incurred for January were $63,800. Determine the overapplied operating overhead or underapplied operating overhead for the period. Enter your answer as a positive number. Round your answer to the nearest dollar.
X template 3 4 5 6 7 8 1 Predetermined factory overhead rate 2 11 12 9 10 Technician wages 29 30 31 32 33 34 35 36 37 38 39 40 13 14 15 16 Hours per day 41 42 A 43 44 45 46 47 48 49 50 51 52 53 54 55 9:17 56 57 58 59 60 61 62 63 64 65 66 17 Days per week 18 Weeks per year (net of maintenance weeks) 19 67 68 28. Actual hours used in January 69 70 Disposable supplies Depreciation expense Utilities Nurse salaries 22 23 a. Predetermined surgical overhead rate (per hour) 24 25 b. Number of surgical room hours 26 Procedure overhead 27 71 72 ✪ about:blank Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: 73 74 75 76 77 78 Total operating room overhead Select the correct answer in the dropdown in call B30. Using formulas and call references, perform the required analysis, and input your answers into the Amount column. Transfer the numeric results for the green 20 entry cells (D23, D26, and D30) into the appropriate fields in CNOWV2 for grading. 21 > DATA The overhead costs will be assigned to procedures, based on the number of surgical room hours. The number of hours per day and days per week that Poehling Medical Center expects to use the operating room and the number of weeks per year for general repairs are provided below: DATA Data + Actual surgical room overhead incurred, January 000 $309,900 77,600 33, 100 288,100 131,300 $840,000 E 7 50 surgical room overhead Amount ON O + 6 220 $63,800 Formulas د %72 ... 40 G Edit ... H I
Transcribed Image Text:X template 3 4 5 6 7 8 1 Predetermined factory overhead rate 2 11 12 9 10 Technician wages 29 30 31 32 33 34 35 36 37 38 39 40 13 14 15 16 Hours per day 41 42 A 43 44 45 46 47 48 49 50 51 52 53 54 55 9:17 56 57 58 59 60 61 62 63 64 65 66 17 Days per week 18 Weeks per year (net of maintenance weeks) 19 67 68 28. Actual hours used in January 69 70 Disposable supplies Depreciation expense Utilities Nurse salaries 22 23 a. Predetermined surgical overhead rate (per hour) 24 25 b. Number of surgical room hours 26 Procedure overhead 27 71 72 ✪ about:blank Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: 73 74 75 76 77 78 Total operating room overhead Select the correct answer in the dropdown in call B30. Using formulas and call references, perform the required analysis, and input your answers into the Amount column. Transfer the numeric results for the green 20 entry cells (D23, D26, and D30) into the appropriate fields in CNOWV2 for grading. 21 > DATA The overhead costs will be assigned to procedures, based on the number of surgical room hours. The number of hours per day and days per week that Poehling Medical Center expects to use the operating room and the number of weeks per year for general repairs are provided below: DATA Data + Actual surgical room overhead incurred, January 000 $309,900 77,600 33, 100 288,100 131,300 $840,000 E 7 50 surgical room overhead Amount ON O + 6 220 $63,800 Formulas د %72 ... 40 G Edit ... H I
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