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 ti following activities and activity rates for the hospital indirect costs: Activity Rate per day $379 per image $59 per physician order $80 per test $840 per operating room hour The activity usage information associated with the two patients is as follows: Abel Putin 2 days. 3 images. Activity Room and meals $269 Radiology Pharmacy Chemistry lab Operating room Number of days Number of images Number of physician orders Number of tests Number of operating room hours 2 hours a. Determine the activity cost associated with each patient. Abel Putin Cheryl Umit FOI Check My Work 3 more Check My Work uses remaining % 5 40 6 3 orders 2 tests & Cheryl Umit 8 days 6 images 5 orders 5 tests 5.5 hours S M hp 8 ho 39°F 112 Previous Nex insert

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 ti following activities and activity rates for the hospital indirect costs: Activity Rate per day $379 per image $59 per physician order $80 per test $840 per operating room hour The activity usage information associated with the two patients is as follows: Abel Putin 2 days. 3 images. Activity Room and meals $269 Radiology Pharmacy Chemistry lab Operating room Number of days Number of images Number of physician orders Number of tests Number of operating room hours 2 hours a. Determine the activity cost associated with each patient. Abel Putin Cheryl Umit FOI Check My Work 3 more Check My Work uses remaining % 5 40 6 3 orders 2 tests & Cheryl Umit 8 days 6 images 5 orders 5 tests 5.5 hours S M hp 8 ho 39°F 112 Previous Nex insert

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Description: v2.cenah$<b4eBookCengageNOWv2 | Online teachin X/takeAssignment/takeAssignment Main.do?invoker=&takeAssi... AActivityRoom and mealsRadiologyPharmacyChemistry labOperating room101Number of days2 daysNumber of images3 imagesNumber of physician orders3

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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Support department cost allocation—direct method Becker Tabletops has two support departments (Janitorial and Cafeteria) and two production departments (Cutting and Assembly). Relevant details for these departments are as follows: Support Department Cost Driver Janitorial Department Square footage to be serviced Cafeteria Department Number of employees Line Item Description JanitorialDepartment CafeteriaDepartment CuttingDepartment AssemblyDepartment Department costs $290,000 $210,000 $1,480,000 $660,000 Square feet 46 5,200 800 3,200 Number of employees 8 2 16 4 Allocate the support department costs to the production departments using the direct method. Line Item Description CuttingDepartment AssemblyDepartment Janitorial Department cost allocation $fill in the blank 1 $fill in the blank 2 Cafeteria Department cost allocation $fill in the blank 3 $fill in the blank 4
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1. What are the fees for a Basic Exam, Advanced Exam, and a Basic Exam assuming the goal is to cover only variable and fixed direct costs? Assume that the audiology department is allocated $100,000 in total overhead by the clinic, and the department director has allocated $50,000 of this amount to the three services listed above. (To answer this question, assume that the allocation of overhead costs to each service is made on the basis ofnumberof visits.) 2. What are the fees for a Basic Exam, an Advanced Exam, and a Basic Exam assuming the overhead costs must be covered? 7.2 The audiology department at Randall Clinic offers many services to the clinic's patients. The three most common, along with cost and utilization data, are as follows: Copying and distribution of this PDF is prohibited without written permission. For permission, please contact Copyright Clearance Center at www.copyright.com Healthcare Finance Variable Cost Annual Direct Annual Number per Service Fixed Costs of…
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The following transactions for the month of March have been journalized and posted to the proper accounts of a sole proprietorship. Mar. 1 The business received $10,000 cash from the owner of the business, Morris Tharps. The business gave capital to Morris Tharps. Mar. 2 Paid the first month's rent of $1,000. Mar. 3 Purchased equipment by paying $2,000 cash and executing a note payable for $5,000. Mar. 4 Purchased office supplies for $710 cash. Mar. 5 Billed a client for $9,000 of design services completed. Mar. 6 Received $7,600 on account for the services previously recorded. What is the balance in Cash on March 6? A) $14,890 B) $13,890 C) $15,890 D) $15,600
Activity Supplies Patient services Building cost Budgeted Cost $ 2,865,000 Activity Cost Driver Usage 33,000 368,000 Surgical hours (SH) Number of patients Square feet 15,000 500 3,200 The two main surgical units and their actual activity usage follow. Actual Activity Usage Surgical Service Hours General surgery 3,600 Patients 400 Square Feet Orthopedic surgery 11,400 100 800 2,400 Required: 1. Compute activity rates using activity-based costing. 2. Allocate overhead cost to the general surgery and to the orthopedic surgery units. Compute overhead cost per patient for each surgery unit. 1. Compute activity rates using activity-based costing. Activity Supplies Patient services Building cost Budgeted Cost Budgeted Activity Usage Activity Rate
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
2.A hospital has the following cost and utilization information Overhead cost: Maintenance costs: $250,000 Cost centers: Ward: $50,000; Coronary care Unit $100,000 Utilization: Ward treats 100 patients; Coronary care unit treats 50 patients A. . What is the average cost of the Ward and Coronary care unit, ignoring overhead costs? B. If you were to allocate overhead costs to the Ward and the coronary care unit, what share would you allocate to each? Explain. C. If the Ward has 2,000 square feet of space and the coronary care unit at 10,000 square feet, calculate average costs for each unit including the appropriate allocation of overhead costs to each.
Hamilton, a decorative wall clock manufacturer uses activity-based costing. Each clock consists of 20 separate parts totaling $95 in direct materials, and requires 2.5 hours of machine time to produce. Additional information is as follows: Activity Materials handling Number of parts Machining Machine hours Assembling Packaging What is the cost of machining per clock? Multiple Choice $144.00 Allocation Base $180.00 Number of parts Number of finished clocks Cost Allocation Rate $ 0.08 7.20 0.35 2.70