Predetermined factory overhead rate 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 $278,900 Depreciation expense 69,800 Utilities 29,800 Nurse salaries 259,300 Technician wages 118,200 Total operating room overhead $756,000 The 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, seven days per week. In addition, the operating room will be shut down two weeks per year for general repairs. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Determine the predetermined operating room overhead rate for the year. Round your answer to the nearest dollar. per hour b. Bill Harris had a six-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate determined in part (a)? Round your answer to the nearest dollar. c. During January, the operating room was used 260 hours. The actual overhead costs incurred for January were $67,800. Determine the overapplied operating overhead or underannlied oneratinn overhead for the nerind Enter vour answer as a nositive numher Round vour answer to the nearest dollar Check My Work 5 more Check My Work uses remaining. Previous All work saved. Email Instructor Save and Exit Submit Assignment for Grading eBook 4 Show Me How Office 365 A Calculator Print Item 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 $278,900 Depreciation expense 69,800 Utilities 29,800 Nurse salaries 259,300 Technician wages 118,200 Total operating room overhead $756,000 The 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 c eight hours per day, seven days per week. In addition, the operating room will be shut down two weeks per year for general repairs. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions belou Open spreadsheet a. Determine the predetermined operating room overhead rate for the year. Round your answer to the nearest dollar. $4 per hour b. Bill Harris had a six-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate determined in part (a)? Round your answer to the nearest dollar. $4 %24 C. During January, the operating room was used 260 hours. The actual overhead costs incurred for January were $67,800. Determine the overapplied operating overhea or underapplied operating overhead for the period. Enter your answer as a positive number. Round your answer to the nearest dollar. %$4 neck My Work 5 more Check My Work uses remaining. Previous %24

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Predetermined factory overhead rate
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
$278,900
Depreciation expense
69,800
Utilities
29,800
Nurse salaries
259,300
Technician wages
118,200
Total operating room overhead
$756,000
The 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, seven days per week. In addition, the operating room will be shut down two weeks per year for general repairs.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
a. Determine the predetermined operating room overhead rate for the year. Round your answer to the nearest dollar.
per hour
b. Bill Harris had a six-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate determined in part (a)?
Round your answer to the nearest dollar.
c. During January, the operating room was used 260 hours. The actual overhead costs incurred for January were $67,800. Determine the overapplied operating overhead
or underannlied oneratinn overhead for the nerind Enter vour answer as a nositive numher Round vour answer to the nearest dollar
Check My Work 5 more Check My Work uses remaining.
Previous
All work saved.
Email Instructor
Save and Exit
Submit Assignment for Grading
Transcribed Image Text:Predetermined factory overhead rate 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 $278,900 Depreciation expense 69,800 Utilities 29,800 Nurse salaries 259,300 Technician wages 118,200 Total operating room overhead $756,000 The 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, seven days per week. In addition, the operating room will be shut down two weeks per year for general repairs. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Determine the predetermined operating room overhead rate for the year. Round your answer to the nearest dollar. per hour b. Bill Harris had a six-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate determined in part (a)? Round your answer to the nearest dollar. c. During January, the operating room was used 260 hours. The actual overhead costs incurred for January were $67,800. Determine the overapplied operating overhead or underannlied oneratinn overhead for the nerind Enter vour answer as a nositive numher Round vour answer to the nearest dollar Check My Work 5 more Check My Work uses remaining. Previous All work saved. Email Instructor Save and Exit Submit Assignment for Grading
eBook
4 Show Me How
Office 365
A Calculator
Print Item
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
$278,900
Depreciation expense
69,800
Utilities
29,800
Nurse salaries
259,300
Technician wages
118,200
Total operating room overhead
$756,000
The 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 c
eight hours per day, seven days per week. In addition, the operating room will be shut down two weeks per year for general repairs.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions belou
Open spreadsheet
a. Determine the predetermined operating room overhead rate for the year. Round your answer to the nearest dollar.
$4
per hour
b. Bill Harris had a six-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate determined in part (a)?
Round your answer to the nearest dollar.
$4
%24
C. During January, the operating room was used 260 hours. The actual overhead costs incurred for January were $67,800. Determine the overapplied operating overhea
or underapplied operating overhead for the period. Enter your answer as a positive number. Round your answer to the nearest dollar.
%$4
neck My Work 5 more Check My Work uses remaining.
Previous
%24
Transcribed Image Text:eBook 4 Show Me How Office 365 A Calculator Print Item 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 $278,900 Depreciation expense 69,800 Utilities 29,800 Nurse salaries 259,300 Technician wages 118,200 Total operating room overhead $756,000 The 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 c eight hours per day, seven days per week. In addition, the operating room will be shut down two weeks per year for general repairs. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions belou Open spreadsheet a. Determine the predetermined operating room overhead rate for the year. Round your answer to the nearest dollar. $4 per hour b. Bill Harris had a six-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate determined in part (a)? Round your answer to the nearest dollar. $4 %24 C. During January, the operating room was used 260 hours. The actual overhead costs incurred for January were $67,800. Determine the overapplied operating overhea or underapplied operating overhead for the period. Enter your answer as a positive number. Round your answer to the nearest dollar. %$4 neck My Work 5 more Check My Work uses remaining. Previous %24
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