Required 1 Required 2In May of this year, the company performed 36 general surgeries and 30 orthopedic surgeries. Allocatethe two types of surgeries for May using the single plantwide overhead rate.General surgeryOrthopedic surgeryPlantwideOverhead RateNumber ofSurgeriesAllocated Cost esHealth Cooperative is an outpatient surgical clinic. It budgets $901,600 of overhead cost for the year. The twomain surgical units and their data follow.ServiceGeneral surgeryOrthopedic surgeryBudgeted Surgeries5603601. Compute a single plantwide rate, assuming the company allocates overhead cost based on 920 budgetedsurgeries.2. In May of this year, the company performed 36 general surgeries and 30 orthopedic surgeries. Allocateoverhead to each of the two types of surgeries for May using the single plantwide overhead rate.Complete this question by entering your answers in the tabs below.Required 1 Required 2Compute a single plantwide rate, assuming the company allocates overhead cost based on 920 budgeted surgeries.Select NumeratorSelect Denominator

Overhead is the amount of cost incurred by the entity on the production of the goods. This cost is…

Answered: Health Cooperative is an outpatient…

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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Jillian Inc. produces leather handbags. The production budget for the next four months is: July 5,100 units, August 7,300, September 7,700, October 8,500. Each handbag requires 1.3 hours of unskilled labor (paid $13 per hour) and 3.1 hours of skilled labor (paid $18 per hour). How much will be paid to skilled labor during the three months July through September? Multiple Choice $361,800 $1,311,300 $6,512,400 $1,121,580
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Green Earth Landscaping Company provides monthly and weekly landscaping and maintenance services to residential customers in the tri-city area. Green Earth has no variable administrative expense. Fixed administrative expenses for June, July, and August include: Salaries $9,400 Insurance 2,250 Depreciation 4,000 Accounting services 600 Required: Question Content Area 1. Construct an administrative expense budget for Green Earth Landscaping Company for the three summer months. Show total amounts by month and in total for the three-month period. Green Earth Landscaping CompanyAdministrative Expense BudgetFor the Summer Months June July August Total Salaries $___ $___ $___ $___ Insurance ____ ____ ____ ____ Depreciation ____ ____ ____ ____ Accounting services ____ ____ ____ ____ Total administrative expense $_____ $____ $____ $____ Question Content Area 2. What if Green Earth Landscaping Company's insurance rates increased at the beginning…
Herrod Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $460 per month plus $106 per job plus $26 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in December to be 16 jobs and 126 meals, but the actual activity was 10 jobs and 109 meals. The actual cost for catering supplies in December was $4,850. The spending variance for catering supplies in December would be closest to: Multiple Choice O O O $582 U $582 F $496 U $496 F
The Valley Hospital measures the in-patient occupancy of the hospital by determining the number of patient days divided by the number of available bed days in the hospital for a time period. The following in-patient data are available for the months of April, May, and June: April May June Admitted patients 1,440 1,860 2,250 Average length of stay per patient 4.0 days 3.5 days 3.0 days The hospital has 200 rooms. One hundred rooms are private and have a single bed per room.The other hundred rooms are semi-private with two beds per room. a. Determine the number of in-patient days for each month. Number of in-patient Days April fill in the blank 1 May fill in the blank 2 June fill in the blank 3 b. Determine the available bed days for each month. Available Bed Days April fill in the blank 4 May fill in the blank 5 June fill in the blank 6 c. Determine the occupancy…
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Mist, Inc. provides free meals in an employee cafeteria for its employees. The employee cafeteria budgeted $32 of variable expenses per employee for the month of December, calculated using a budgeted average of 1,650 employees. During December, an average of 1,630 employees were actually working in the various operating departments. The actual variable expenses incurred by the employee cafeteria totaled $54,200 for the month. For performance evaluation purposes at the end of December, how much variable expenses from the cafeteria should Mist, Inc. charge to the operating departments? Multiple Choice $54,852 $54,200 $52.160 $52,800
Thornton Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is the production manager. The production department’s static budget and actual results for Year 3 follow: Static Budget Actual Results Production in units 22,000 kits 24,500 kits Direct materials $ 165,000 $ 221,250 Direct labor 143,000 153,350 Variable manufacturing overhead 33,000 39,450 Total variable costs 341,000 414,050 Fixed manufacturing overhead 208,000 202,500 Total manufacturing cost $ 549,000 $ 616,550 Required a. Convert the static budget into a flexible budget. b. Calculate the variances.
Hartley Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Hartley Uniforms reports the following cost data for the past year: Budget Actual 7,600 hours 6,100 hours Direct labor hours Machine hours 7,200 hours 6,300 hours Depreciation on salespeople's autos $23,000 $23,000 Indirect materials $48,500 $50,500 Depreciation on trucks used to deliver uniforms to customers solla $13,000 $70,000 $40,000 $11,000 Depreciation on plant and equipment Indirect manufacturing labor $72,500 $42,000 Customer service hotline $19,000 $21,000 Plant utilities $35,900 $38,400 Direct labor cost $72,500 $85,500 Requirements 1odel tba 1. Compute the predetermined manufacturing overhead rate. 2. Calculate the allocated manufacturing overhead for the past year. 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? 4. How can managers usA acco
Agha khan Hospital uses an indirect job-costing system for all patients. In June, the budgeted nursing care charges for each department and budgeted allocation bases of nursing days are as follows:June Critical Care Special Care General CareBudgeted nursing costs $2,480,000 $1,644,000 $1,280,400Budgeted nursing days 5,000 4,000 8,000Patient Mrs faiza spent six days in critical care, eight days in special care. She was shifted back to critical care due to an emergency for 6 days and finally the remainder of the month was spent in general care.Required:a. Determine the budgeted overhead rate for each department.b. What are the total charges to Mrs. faiza if she was in the facility the entire month?
Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be:Disposable supplies $299,600Depreciation expense 75,000Utilities 32,000Nurse salaries 278,500Technician wages 126,900Total operating room overhead $812,000The overhead costs will be assigned to procedures based on the number of surgical room hours. Poehling Medical Center expects to use the operating room an average of eight hours per day,…

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