Direct Labor Standards for Nonmanufacturing Expenses Southwest lowa Hospital began using standards to evaluate its Admissions Department. The standards were broken into two types of admissions as follows: Standard Time to Complete Admission Record 30 min. 20 min. Type of Admission Unscheduled admission Scheduled admission The unscheduled admission took longer, since name, address, and insurance information needed to be determined at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time consuming. The Admissions Department employs three full-time people (40 productive hours per week, with no overtime) at $21.00 per hour. For the most recent week, the department handled 128 unscheduled and 177 scheduled admissions.. a. How much was actually spent on labor for the week? $ b. What are the standard hours for the actual volume for the week? hours c. Compute a time variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount.

Direct Labor Standards for Nonmanufacturing Expenses Southwest lowa Hospital began using standards to evaluate its Admissions Department. The standards were broken into two types of admissions as follows: Standard Time to Complete Admission Record 30 min. 20 min. Type of Admission Unscheduled admission Scheduled admission The unscheduled admission took longer, since name, address, and insurance information needed to be determined at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time consuming. The Admissions Department employs three full-time people (40 productive hours per week, with no overtime) at $21.00 per hour. For the most recent week, the department handled 128 unscheduled and 177 scheduled admissions.. a. How much was actually spent on labor for the week? $ b. What are the standard hours for the actual volume for the week? hours c. Compute a time variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount.

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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