APA Medical Center has collected data on all of its activities for the past seven months. Data for the cardiac nursing care follow (Month, Cost, Hours of Nursing Care, respectively): September 2012  P69,500 for 1,700 hours; October 2012 P64,250 for 1,550 hours; November 2012 P52,000 for 1,200 hours; December 2012 P66,000 for 1,600 hours; January 2013 P83,000 for 1,800 hours; February 2013 P66,550 for 1,330 hours; March 2013 P79,500 for 1,700 hours. Upon looking into the events that happened at the end of 2012, you find that the cardiology ward bought a cardiac monitoring machine for the nursing station. A decision was also made to add a new supervisory position for the evening shift. Monthly depreciation on the monitor and the salary of the new supervisor totals P10,000. Calculate the fixed cost and variable rate applicable to March 2013

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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APA Medical Center has collected data on all of its activities for the past seven months. Data for the cardiac nursing care follow (Month, Cost, Hours of Nursing Care, respectively): September 2012  P69,500 for 1,700 hours; October 2012 P64,250 for 1,550 hours; November 2012 P52,000 for 1,200 hours; December 2012 P66,000 for 1,600 hours; January 2013 P83,000 for 1,800 hours; February 2013 P66,550 for 1,330 hours; March 2013 P79,500 for 1,700 hours. Upon looking into the events that happened at the end of 2012, you find that the cardiology ward bought a cardiac monitoring machine for the nursing station. A decision was also made to add a new supervisory position for the evening shift. Monthly depreciation on the monitor and the salary of the new supervisor totals P10,000. Calculate the fixed cost and variable rate applicable to March 2013

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