Homework Answers
SOLUTION 6.2:
1)
|
Revenue |
Allocation rate |
Allocation |
|
|
Adult Service |
3,000,000 |
0.02 |
60,000 |
|
Pediatric Services |
1,500,000 |
0.02 |
30,000 |
|
Other services |
500,000 |
0.02 |
10,000 |
|
Total |
5,000,000 |
100,000 |
2)
|
Hours |
Allocation rate |
Allocation |
|
|
Adult Service |
1,500 |
20 |
30,000 |
|
Pediatric Services |
3,000 |
20 |
60,000 |
|
Other services |
500 |
20 |
10,000 |
|
Total |
5,000 |
100,000 |
3)
|
Adult Service |
$60,000 - $30,000 = $30,000 |
|
Pediatric Services |
$30,000 - $60,000 = ($30,000) |
|
Other services |
$10,000 - 10,000 = $0 |
4) The driver with the best correlation positively with the amount of cost to be allocated is categorised to be the best driver. Thus the revenue would be the best cost driver in given scenario
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