GENERAL ACCOUNTING: 5 MARKS CRYSTAL SPRINGS OBSERVATORY TELESCOPE TIME ALLOCATION: RESEARCH: 50% OF AVAILABLE HOURS PUBLIC VIEWING: 30% OF REMAINING MAINTENANCE: 25% OF REMAINING AFTER PUBLIC VIEWING PRIVATE BOOKINGS: ALL REMAINING TIME FOR 240 MONTHLY HOURS, CALCULATE PRIVATE BOOKING HOURS.

GENERAL ACCOUNTING: 5 MARKS CRYSTAL SPRINGS OBSERVATORY TELESCOPE TIME ALLOCATION: RESEARCH: 50% OF AVAILABLE HOURS PUBLIC VIEWING: 30% OF REMAINING MAINTENANCE: 25% OF REMAINING AFTER PUBLIC VIEWING PRIVATE BOOKINGS: ALL REMAINING TIME FOR 240 MONTHLY HOURS, CALCULATE PRIVATE BOOKING HOURS.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter17: Activity Resource Usage Model And Tactical Decision Making

Section: Chapter Questions

Problem 26P: St. Johns Medical Center (SJMC) has five medical technicians who are responsible for conducting...

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GENERAL ACCOUNTING: 5 MARKS CRYSTAL SPRINGS OBSERVATORY TELESCOPE TIME ALLOCATION: RESEARCH: 50% OF AVAILABLE HOURS PUBLIC VIEWING: 30% OF REMAINING MAINTENANCE: 25% OF REMAINING AFTER PUBLIC VIEWING PRIVATE BOOKINGS: ALL REMAINING TIME FOR 240 MONTHLY HOURS, CALCULATE PRIVATE BOOKING HOURS.
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The company runs two courses and the July income statement for each course is shown below. What is the return on investment for the Black course? Round to 2 decimal places Blue course Black Course Total Revenue $73,500 $95,000 Total expenses $62,200 $79,100 Total assets (investment base) $94,200 106,000 Cost of capital 11% 13% Group of answer choices 12% 11.99% 6.67% 15%
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Munoz Camps, Inc. leases the land on which it builds camp sites. Munoz is considering opening a new site on land that requires $2,200 of rental payment per month. The variable cost of providing service is expected to be $5 per camper. The following chart shows the number of campers Munoz expects for the first year of operation of the new site: Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Total 170 270 230 220 360 520 670 670 370 400 200 320 4,400 Required Assuming that Munoz wants to earn $8 per camper, determine the price it should charge for a camp site in February and August. (Do not round intermediate calculations.)
7/26/2021 Content The hospital where you are employed is continuing with their analysis with the goal of opening a walk- in clinic. After conducting additional research, the financial projections for the first year of operations are as follows: • Revenues (from 10,000 visits): $400,000 Wages and benefits: $220,000 • Rent: $5,000 Depreciation: $30,000 Utilities: $2,500 • Medical supplies: $50,000 Administrative supplies: $10,000 Assume that all costs are fixed except supply costs, which are variable. Assume that the clinic will be required to pay taxes at a 30% tax rate. Respond to the following questions. Be sure to show your work for all calculations. 1. Prepare the clinic's projected Profit and Loss (P&L) Statement. (8 points) 2. What number of visits is required to break even? (3 points) 3. What number of visits is required to provide you with an after-tax profit of $100,000? (4 points)
Required information Use the following information for the Quick Studies below. (Static) (The following information applies to the questions displayed below) On January 1, the Matthews Band pays $65.800 for sound equipment. The band estimates it will use this equipment for four years and perform 200 concerts. It estimates that after four years it can sell the equipment for $2.000. During the first year, the band performs 45 concerts QS 8-5 (Static) Units-of-production depreciation LO P1 Compute the first year depreciation using the units of production method. Select formula for the depreciation rate of Units of Production Calculate the first year depreciation expense Depreciation per concert Concerts in first year Depreciation in first year
• Due: Wednesday October 6th, 2021 by 10:00 a.m. • Submitted thru Blackboard as a Word document or PDF Although I do not require your rough work, please show each of the steps you followed in arriving at your final answer Problem: The restaurant of a 165-room year-round resort hotel depends entirely on its room guests for its revenue. Average annual room occupancy is 77%. On average, 3.6 people occupy each room in use. We know from past experience that 82% of the guests will eat breakfast, 27% will eat lunch, and 55% will eat dinner in the resort's dining room. The average checks per meal are: Breakfast Lunch Dinner $8.50 $12.25 $19.87 The restaurant is open every day of the year. Calculate the annual (for 365 days) food revenue for a non-leap year, showing your calculations. *ensure all calculations are rounded to two decimal places to arrive at the correct answer 18°C Clou
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St. Johns Medical Center (SJMC) has five medical technicians who are responsible for conducting cardiac catheterization testing in SJMCs Cath Lab. Each technician is paid a salary of 36,000 and is capable of conducting 1,000 procedures per year. The cardiac catheterization equipment is one year old and was purchased for 250,000. It is expected to last five years. The equipments capacity is 25,000 procedures over its life. Depreciation is computed on a straight-line basis, with no salvage value expected. The reading of the catheterization results is conducted by an outside physician whose fee is 120 per test. The technicians report with the outside physicians note of results is sent to the referring physician. In addition to the salaries and equipment, SJMC spends 50,000 for supplies and other costs needed to operate the equipment (assuming 5,000 procedures are conducted). When SJMC purchased the equipment, it fully expected to perform 5,000 procedures per year. In fact, during its first year of operation, 5,000 procedures were run. However, a larger hospital has established a clinic in the city and will siphon off some of SJMCs business. During the coming years, SJMC expects to run only 4,200 cath procedures yearly. SJMC has been charging 850 for the procedureenough to cover the direct costs of the procedure plus an assignment of general overhead (e.g., depreciation on the hospital building, lighting and heating, and janitorial services). At the beginning of the second year, an HMO from a neighboring community approached SJMC and offered to send its clients to SJMC for cardiac catheterization provided that the charge per procedure would be 550. The HMO estimates that it can provide about 500 patients per year. The HMO has indicated that the arrangement is temporaryfor one year only. The HMO expects to have its own testing capabilities within one year. Required: 1. Classify the resources associated with the cardiac catheterization activity into one of the following: (1) committed resources, or (2) flexible resources. 2. Calculate the activity rate for the cardiac catheterization activity. Break the activity rate into fixed and variable components. Now, classify each activity resource as relevant or irrelevant with respect to the following alternatives: (1) accept the HMO offer, or (2) reject the HMO offer. Explain your reasoning. 3. Assume that SJMC will accept the HMO offer if it reduces the hospitals operating costs. Should the HMO offer be accepted? 4. Jerold Bosserman, SJMCs hospital controller, argued against accepting the HMOs offer. Instead, he argued that the hospital should be increasing the charge per procedure rather than accepting business that doesnt even cover full costs. He also was concerned about local physician reaction if word got out that the HMO was receiving procedures for 550. Discuss the merits of Jerolds position. Include in your discussion an assessment of the price increase that would be needed if the objective is to maintain total revenues from cardiac catheterizations experienced in the first year of operation. 5. Chandra Denton, SJMCs administrator, has been informed that one of the Cath Lab technicians is leaving for an opportunity at a larger hospital. She met with the other technicians, and they agreed to increase their hours to pick up the slack so that SJMC wont need to hire another technician. By working a couple hours extra every week, each remaining technician can perform 1,050 procedures per year. They agreed to do this for an increase in salary of 2,000 per year. How does this outcome affect the analysis of the HMO offer? 6. Assuming that SJMC wants to bring in the same revenues earned in the cardiac catheterization activitys first year less the reduction in resource spending attributable to using only four technicians, how much must SJMC charge for a procedure?
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) 1. Relevant Costs for Equipment Replacement DecisionHealth Scan, Inc. paid $50,000 for X-ray equipment four years ago. The equipment was expected to have a useful life of 10 years from the date of acquisition with annual operating costs of $35,000. Technological advances have made the machine purchased four years ago obsolete with a zero salvage value. An improved X-ray device incorporating the new technology is available at an initial cost of $55,000 and annual operating costs of $21,000. The new machine is expected to last only six years before it, too, is obsolete. Asked to analyze the financial aspects of replacing the obsolete but still functional machine, Health Scan's accountant prepared the following analysis. After looking over these numbers, the Company's manager…
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