Your organization has opened a walk-in clinic. A list of expenses has been given to the new staff accountant, Marvin, from the walk-in clinic manager and Marvin needs your help. Marvin wants you to help him identify whether costs shown in the table below are direct or indirect. Additionally, Marvin would like you to describe: 1. The monetary total of direct and indirect costs.
Your organization has opened a walk-in clinic. A list of expenses has been given to the new staff accountant, Marvin, from the walk-in clinic manager and Marvin needs your help. Marvin wants you to help him identify whether costs shown in the table below are direct or indirect. Additionally, Marvin would like you to describe: 1. The monetary total of direct and indirect costs.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Your organization has opened a walk-in clinic. A list of expenses has been given to the new staff accountant, Marvin, from the walk-in clinic manager and Marvin needs your help. Marvin wants you to help him identify whether costs shown in the table below are direct or indirect. Additionally, Marvin would like you to describe:
1. The monetary total of direct and indirect costs.
2. Create a Conlcusion overall
| Item | Cost | Direct | Indirect |
| IT Salaries and Benefits | $1,500 | ||
| RN Salaries and Benefits | $9,600 | ||
| Utilities and Telephone | $3,000 | ||
| Carpets | $1,000 | ||
| Magazine Subscriptions | $ 50 | ||
| Vehicle Expense | $1,775 | ||
| Exam Table | $5,500 | ||
| End Tables | $ 500 | ||
| Coffee Tables | $1,400 | ||
| Facility Insurance | $ 650 | ||
| Staff Uniforms | $1,200 | ||
| Cleaning Supplies | $ 200 | ||
| Desk Lamps | $ 150 | ||
| Front Desk Flowers | $ 300 | ||
| Bottled Water | $ 250 | ||
| Facility Maintenance | $ 700 | ||
| Landscaping Expense | $1,800 | ||
| Facility Cleaning | $1,500 |
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