Need help of Accounting Expert Question:The number of X-rays and X-ray costs over the last nine months in Beverly Hospital are givenbelow:X-Ray Costs X-Rays TakenMonthJanuary$28,0006,250February29,0007,000March23,0005,000April20,0004,250May22,0004,500June17,0003,000July18,0003,750August 24,0005,500September 26,0005,750Beverly Hospital expects to take 4,700 X-rays during October. Using the high-low method,calculate Beverly Hospital's expected X-ray cost for October. Do not use decimals in your answer.

Variable cost per X-ray = (Cost of the highest activity level - Cost of the lowest activity level) /…

Answered: Question: The number of X-rays and…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 6MCQ

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Mendez Hospital showed the following major hospital costs at various levels of activity for CY 2020: Month Hospital Admission Major Hospital Cost(P) February 1,300 P850,000.00 March 8,500 P1,350,000.00 April 1,600 P1,150,000.00 May 1,400 P950,000.00 June 1,200 P800,000.00 July 200 P50,000.00 August 1,650 P1,200,000.00 September 1,550 P1,050,000.00 The breakdown of the major hospital costs in the month of May at 1,400 hospital admission is as follows: Accommodation Expense (Variable) P400,000.00 Utilities (Fixed) P300,000.00 Medicine (Mixed) P250,000.00 Total Overhead Cost P950,000.00 Requirements: Using high-low method, determine the cost function for major hospital cost What would be the total major hospital cost if hospital admission is at 2,000?
QUESTION:9 The number of X-rays and X-ray costs over the last nine months in Beverly Hospital are given below: X-ray costs X-rays taken Month January $26,000 6,250 February 29,000 7,500 March 22,000 5,000 April 20,700 4,250 May 21,000 4,500 June 24,000 5,500 July 19,200 3,750 August 16,000 2,500 September 24,600 5,750 Beverly Hospital expects to take 5,900 X-rays during October. Using the high-low method, calculate Beverly Hospital's expected X-ray cost for October.
How to solve 4.5 parts a through d?
Suppose that a surgical ward has gathered the following information for four nursing activities and two types of patients: Patient Category Driver Normal Intensive Activity Rate Treating patients Treatments 7,400 10,000 $4.00 Providing hygienic care Hygienic hours 4,800 18,100 5.00 Responding to requests Requests 32,000 80,000 2.00 Monitoring patients Monitoring hours 6,000 72,000 3.00 Required: 1. Determine the total nursing costs assigned to each patient category. Costs Assigned Normal Intensive 2. Output is measured in patient days. Assuming that the normal patient category uses 8,000 patient days and the intensive patient category uses 6,400 patient days, calculate the nursing cost per patient day for each type of patient. Round your answers to the nearest cent. Normal per patient day Intensive $4 per patient day 3. Conceptual Connection: The supervisor of the surgical ward has suggested that patient days is the only driver needed to assign nursing costs to each type of patient.…
Question： A hospital uses a type of disinfectant for cleaning at an annual rate of 1000 bottles. The disinfectant normally costs the hospital $3 per bottle. The annual inventory holding cost is $0.80 per bottle and it costs $16 to place an order with the supplier. The supplier o§ers a 4% discount on orders of at least 400 bottles and a 7% discount for at least 800 bottles.Determine1. The hospitalís optimal order quantity and minimum total annual cost; 2. The number of orders per year.
Suppose that a surgical ward has gathered the following information for four nursing activities and two types of patients: Treating patients Providing hygienic care Responding to requests Monitoring patients Required: Normal Intensive Driver Normal Treatments Intensive Hygienic hours Requests Monitoring hours Patient Category Normal Intensive 7,900 1. Determine the total nursing costs assigned to each patient category. Costs Assigned per patient day per patient day 4,800 32,000 6,000 8,000 19,100 80,000 72,000 Activity Rate $4.00 5.00 2. Output is measured in patient days. Assuming that the normal patient category uses 8,000 patient days and the intensive patient category uses 6,400 patient days, calculate the nursing cost per patient day for each type of patient. Round your answers to the nearest cent. 2.00 3.00
The Hospital La Salud forthe following data on electricity costs and the number of patients per month of the last year for you to develop a cost function. Electricity costs $5,500 5,800 Patients 1,836 2,100 2,914 1,258 1,025 1,416 2,965 2,692 1,038 Months January Feb 6,200 4,325 4,025 4,445 6,500 5,890 3,900 3,700 3,990 4,998 Sea April May Jun Jul Aug Setp Oct 950 Nov 1,100 Dec 1,564 Requirements: 1. Using the High Low Method determine the FIXED COST AND VARIABLE COST 2. EXPRESS THE COST FUNCTION SUPPOSE FOR THE FIRST TRIMESTRE OF THE ANUS, YOU HAVE PROJECTED THE FOLLOWING NUMBERS OF PATIENTS: January 2,985/ Feb 3,250/ March 4,950 Present the total cost for each projected month. 3. 4. Present the above using the DATA ANALYSIS TOOL in EXEL
Assume that the agreed-upon price is $90,000. What is the expected profiton the contract assuming that it brings in 20 new patients? (Assume fornow that no new fixed costs would be required.)
calculated the problem step by step . The following information relates to the wards in the cardiology department of Good Health Hospital for one accounting period Wards 1 2 3 Number of Beds 12 10 20 Total number of Patients 48 32 108 Total ward staff (excluding consultants) 8 8 12 Ward staff – full-time equivalent 5 4 6 Variable operating costs for period £58,000 £66,000 £98,000 Operating fixed costs £85,000 £67,000 £88,000 General overhead costs £40,000 £40,000 £40,000 General overhead costs are made up of recharges from support services. The total cost of £120,000 is split equally between the three wards. The hospital manager is concerned about the high costs of running the three heart-care wards. She has asked you to investigate their performance. Calculations must include: Patient (turnover) per bed, FTE Staff per bed & per patients, Variable Cost per bed & per patient and Fixed cost per…
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 JuneAdmitted patients 1, 440 1, 860 2, 250 Average length of stay per patient 4.0 days 3.5 days 3.0 daysThe hospital has 200 rooms. One hundred rooms are private and have a single bed per room. The other 100 rooms are semi-private with two beds per room. a. Determine the number of in-patient days for each month.b. Determine the available bed days rate for each month.c. Determine the occupancy rate for each month.d. Interpret the results in (c).
TASK A. Problem Solving. Analyze the given problem and perform the required tasks in the worksheet provided. 1. A hospital has P250,000 expected utility bill this year. The janitorial, accounting, and orderlies departments are service departments servicing the operating, hospital rooms, and laboratories departments. Floor spaces assigned to each department are as follows Department Square Footage Janitorial Accounting Orderlies 1,000 2,000 7,000 Operating Hospital rooms Laboratories 4,000 30,000 6,000 How much of the P200,000 will eventually become the hospital rooms department's total costs, assuming a direct allocation based in square footage is used? 2. The Laptop complex, which offers two main services: 1) time on a time-shared computer and (2) propriety computer programs. Computer time is provided by the Operating Department (OD), and programs are written by the programming Department(PD). Usually, the Operating Department spends P 9,000 and the Programming Departmemnt spends…

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