I Other bo s Costing 1 Saved Help Save & Exit Muckenfuss Clinic uses the step-down method to allocate service department costs to operating departments. The clinic has two service departments, Personnel and Information Technology (IT), and two operating departments, Family Medicine and Gerlatric Medicine. Data concerning those departments follow: Service Department Operating Department Information Personnel Technology $ 23,420 Family Medicine $ 329,020 Geriatric Medicine $ 49, 280 Departmental costs Employees Personnel costs $ 146,420 12 30 120 186 13 31 80 134 Personnel costs are allocated first on the basis of employees and Information Technology costs are allocated second on the basis of Personnel costs. The total Geriatric Medicine Department cost after allocations is closest to: Multiple Choice

I Other bo s Costing 1 Saved Help Save & Exit Muckenfuss Clinic uses the step-down method to allocate service department costs to operating departments. The clinic has two service departments, Personnel and Information Technology (IT), and two operating departments, Family Medicine and Gerlatric Medicine. Data concerning those departments follow: Service Department Operating Department Information Personnel Technology $ 23,420 Family Medicine $ 329,020 Geriatric Medicine $ 49, 280 Departmental costs Employees Personnel costs $ 146,420 12 30 120 186 13 31 80 134 Personnel costs are allocated first on the basis of employees and Information Technology costs are allocated second on the basis of Personnel costs. The total Geriatric Medicine Department cost after allocations is closest to: Multiple Choice

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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Activity Customer Deliveries Manual Order Processing Electronic Order Processing Line Item Picking Cost Pool $ 400,000 $ 300,000 $ 200,000 $ 500,000 Activity Measure 5,000 deliveries 4,000 orders 12,500 orders 400,000 line items Activity Rate per delivery per order per order per line item St. Bibiana's Usage 12 12 256 Total MOH Cost General Hospital Usage Cost 50 50 300 5) RKJW & Co. is a medical wholesaler which sells medical supplies to hospitals and urgent care centers in the upper Midwest. To assess the profitability of its customers, RKJW has decided to implement an activity-based profitability analysis with the hope of reducing costs Using the data provided, determine the activity rate for each activity, then compute the total costs, assigned to each of St. Bibiana's Medical Center and General Hospital, as well as the contribution margin ratio of each client. Revenue Cost of Goods Sold Variable OH Contribution Margin CM Ratio St. Bibiana's General Hospital 24,000 $ 30,000 16,000…
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Support department cost allocation—direct method Becker Tabletops has two support departments (Janitorial and Cafeteria) and two production departments (Cutting and Assembly). Relevant details for these departments are as follows: Support Department Cost Driver Janitorial Department Square footage to be serviced Cafeteria Department Number of employees JanitorialDepartment CafeteriaDepartment CuttingDepartment AssemblyDepartment Department costs $280,000 $190,000 $1,490,000 $670,000 Square feet 46 4,700 1,500 3,500 Number of employees 12 2 18 2 Allocate the support department costs to the production departments using the direct method. CuttingDepartment AssemblyDepartment Janitorial Department cost allocation Cafeteria Department cost allocation
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Required information SB Exercise 6-16 through Exercise 6-17 (Algo) Skip to question [The following information applies to the questions displayed below.] Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices—one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the company’s most recent year is given: Office Total Company Chicago Minneapolis Sales $ 504,000 100 % $ 177,000 100 % $ 327,000 1 % Variable expenses 261,000 50 % 63,000 30 % 196,200 60 % Contribution margin 243,000 50 % 114,000 70 % 130,800 40 % Traceable fixed expenses 133,200 28 % 81,600 52 % 52,320 16 % Office segment margin 109,800 22 % $ 32,400 18 % $ 78,480 24 % Common fixed expenses not traceable to offices 72,000…
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