Homework Answers
6.
Total Cost as per regression analysis = $131004.69 + $14.26 x
Nursing hours
Total cost for 25000 nursing hours = $131004.69 + $14.26 x 25000 = $487504.69
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Need help solving Requirement 6 where "the total predicted
hospital overhead, when $25000 nursing hours are...
A hospital is analyzing its overhead costs. It is not clear whether the number of patient...
A hospital is analyzing its overhead costs. It is not clear whether the number of patient days or nursing hours would be the best cost driver to use in predicting the hospital’s overhead. The latest information on the hospital is as follows: Month Hospital Nursing No. of Overhead Overhead Cost Overhead Hours Patient Cost Per Per Patient Costs Days Nursing Hr. Day July $950,000 50,000 7,900 $19.00 $120.25 August $1,070,000 52,000 8,900 $20.58 $120.22...
A hospital is analyzing its overhead costs. It is not clear whether the number of patient...
A hospital is analyzing its overhead costs. It is not clear whether the number of patient days or nursing hours would be the best cost driver to use in predicting the hospital’s overhead. The latest information on the hospital is as follows: Month Hospital Nursing No. of Overhead Overhead Cost Overhead Hours Patient Cost Per Per Patient Costs Days Nursing Hr. Day July $950,000 50,000 7,900 $19.00 $120.25 August $1,070,000 52,000 8,900 $20.58 $120.22...
Need help with 2a, 2b, 2c please. Always show your work when doing fun&exciting exercises! Box...
Need help with 2a, 2b, 2c please.
Always show your work when doing fun&exciting exercises! Box or circle final answers! Question 1) Apollo Hospital specializes in outpatient surgeries for relatively minor procedures. Apollo is a nonprofit institution and places great emphasis on controlling costs in order to provide services to the community in an efficient manner Apollo's CFO, Julie Chen, has been concerned of late about the hospital's consumption of medical supplies. To better understand the behavior of this cost,...
McKnight Industries is in the process of analyzing its manufacturing overhead costs. McKnight Industries is not...
McKnight Industries is in the process of analyzing its
manufacturing overhead costs. McKnight Industries is not sure if
the number of units produced or number of direct labour hours is
the best cost driver to use for predicting manufacturing overhead
costs.
1. Use Excel regression analysis to determine Mcknight Industries' manufacturing overhead cost equation using DL hours as the cost driver. Comment on the R-square. Estimate MOH costs if Mcknight Industries incurs 26,100 DL hours in January 2. Use Excel...
my professor just wants part A answered Aridge Business Publishers Module 15 Cost Behavior, Activity Analysis,...
my
professor just wants part A answered
Aridge Business Publishers Module 15 Cost Behavior, Activity Analysis, and Cost Estimation Month Total Costs January February March April May Sales (Dozens) 6,800 7,800 5,500 1,000 6,100 4,500 $30,650 35,336 29,700 25,000 30,600 28,670 June Required 4. Using the high-low method, develop a cost-estimating equation for total monthly costs. b. 1. Plot the equation developed in requirement (a). 2. Using the same graph, develop a scatter diagram of all observations for the cookie...
Need help with 1A 1B 1C BUS2102-Spring 2019-Chapter 3 Fun & Exciting Exercises Always show your...
Need help with 1A 1B 1C
BUS2102-Spring 2019-Chapter 3 Fun & Exciting Exercises Always show your work when doing fun &exciting exercises! Box or circle final answers! Question 1) Apollo Hospital specializes in outpatient surgeries for relatively minor procedures. Apollo is a nonprofit institution and places great emphasis on controlling costs in order to provide services to the community in an efficient manner Apollo's CFO, Julie Chen, has been concerned of late about the hospital's consumption of medical supplies. To...
Question 2 - Selecting a cost driver Iggy Hospital is a small animal hospital that specializes...
Question 2 - Selecting a cost driver Iggy Hospital is a small animal hospital that specializes in minor surgeries. Timmy Snyder, Iggy's CEO, Is concerned about the hospital's consumption of medical supplies. Timmy asks Tommy Poon, Iggy's CFO, to better understand the behavior of this cost. Tommy believes that there are two potential cost drivers for the hospital's medical supplies costs - the total number of procedures performed and the number of patient-hours generated by Iggy. Tommy has collected the...
I need help finding the assigned overhead. Waterway Company uses a job order cost system and...
I need help finding the assigned overhead.
Waterway Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1.2020. Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $25.000, direct labor $15.000, and manufacturing overhead $20.000. As of January 1, Job 49 had been completed at a cost of $112.500 and was part of finished...
1. Compute the total overhead allocated to each job under a simple costing system, where overhead...
1.
Compute the total overhead allocated to each job under a simple
costing system, where overhead is allocated based on
machine-hours.
2.
Compute the total overhead allocated to each job under an
activity-based costing system using the appropriate activity
drivers.
3.
Explain why Shirley's Custom Framing might favor the ABC
job-costing system over the simple job-costing system, especially
in its bidding process.
*There should be 10 total parts to this problem.
The job-costing system at Shirley's Custom Framing has five...
Question Help E6-34A (similar to) Meyer Company, which uses the high-low method to analyze cost behavior,...
Question Help E6-34A (similar to) Meyer Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's totale s cost. The company's cost and machine hour usage data fort first six months of the year follow (Click the loon to view the data) Requirements Using the high-low method, answer the following questions 1. What is the variable its cost per machine hour? 2. What is the red cost of its each month?...
Need help with 2a, 2b, 2c please.
Always show your work when doing fun&exciting exercises! Box or circle final answers! Question 1) Apollo Hospital specializes in outpatient surgeries for relatively minor procedures. Apollo is a nonprofit institution and places great emphasis on controlling costs in order to provide services to the community in an efficient manner Apollo's CFO, Julie Chen, has been concerned of late about the hospital's consumption of medical supplies. To better understand the behavior of this cost,...
McKnight Industries is in the process of analyzing its
manufacturing overhead costs. McKnight Industries is not sure if
the number of units produced or number of direct labour hours is
the best cost driver to use for predicting manufacturing overhead
costs.
1. Use Excel regression analysis to determine Mcknight Industries' manufacturing overhead cost equation using DL hours as the cost driver. Comment on the R-square. Estimate MOH costs if Mcknight Industries incurs 26,100 DL hours in January 2. Use Excel...
my
professor just wants part A answered
Aridge Business Publishers Module 15 Cost Behavior, Activity Analysis, and Cost Estimation Month Total Costs January February March April May Sales (Dozens) 6,800 7,800 5,500 1,000 6,100 4,500 $30,650 35,336 29,700 25,000 30,600 28,670 June Required 4. Using the high-low method, develop a cost-estimating equation for total monthly costs. b. 1. Plot the equation developed in requirement (a). 2. Using the same graph, develop a scatter diagram of all observations for the cookie...
Need help with 1A 1B 1C
BUS2102-Spring 2019-Chapter 3 Fun & Exciting Exercises Always show your work when doing fun &exciting exercises! Box or circle final answers! Question 1) Apollo Hospital specializes in outpatient surgeries for relatively minor procedures. Apollo is a nonprofit institution and places great emphasis on controlling costs in order to provide services to the community in an efficient manner Apollo's CFO, Julie Chen, has been concerned of late about the hospital's consumption of medical supplies. To...
Question 2 - Selecting a cost driver Iggy Hospital is a small animal hospital that specializes in minor surgeries. Timmy Snyder, Iggy's CEO, Is concerned about the hospital's consumption of medical supplies. Timmy asks Tommy Poon, Iggy's CFO, to better understand the behavior of this cost. Tommy believes that there are two potential cost drivers for the hospital's medical supplies costs - the total number of procedures performed and the number of patient-hours generated by Iggy. Tommy has collected the...
I need help finding the assigned overhead.
Waterway Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1.2020. Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $25.000, direct labor $15.000, and manufacturing overhead $20.000. As of January 1, Job 49 had been completed at a cost of $112.500 and was part of finished...
1.
Compute the total overhead allocated to each job under a simple
costing system, where overhead is allocated based on
machine-hours.
2.
Compute the total overhead allocated to each job under an
activity-based costing system using the appropriate activity
drivers.
3.
Explain why Shirley's Custom Framing might favor the ABC
job-costing system over the simple job-costing system, especially
in its bidding process.
*There should be 10 total parts to this problem.
The job-costing system at Shirley's Custom Framing has five...
Question Help E6-34A (similar to) Meyer Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's totale s cost. The company's cost and machine hour usage data fort first six months of the year follow (Click the loon to view the data) Requirements Using the high-low method, answer the following questions 1. What is the variable its cost per machine hour? 2. What is the red cost of its each month?...
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