Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient clinics.Required:For each cost incurred at Northwest Hospital, indicate whether it would most likely be a direct cost or an indirect cost of the specified cost object by placing an X in the appropriate column. DirectIndirectCostCost ObjectCostCostEx. Catered food served to patients1. The wages of pediatric nurses2. Prescription drugs3. Heating the hospital4. The salary of the head of pediatrics5. The salary of the head of pediatrics6. Hospital chaplain's salary7. Lab tests by outside contractorA particular patientThe pediatric departmentA particular patientThe pediatric departmentThe pediatric departmentA particular pediatric patientA particular patientA particular patientA particular department8. Lab tests by outside contractor

Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Answered: Direct Indirect Cost Cost Object Cost…

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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Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient clinics.
Required:
For each cost incurred at Northwest Hospital, indicate whether it would most likely be a direct cost or an indirect cost of the specified cost object by placing an X in the appropriate column.

Direct
Indirect
Cost
Cost Object
Cost
Cost
Ex. Catered food served to patients
1. The wages of pediatric nurses
2. Prescription drugs
3. Heating the hospital
4. The salary of the head of pediatrics
5. The salary of the head of pediatrics
6. Hospital chaplain's salary
7. Lab tests by outside contractor
A particular patient
The pediatric department
A particular patient
The pediatric department
The pediatric department
A particular pediatric patient
A particular patient
A particular patient
A particular department
8. Lab tests by outside contractor

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