Homework Answers
6.8 The main work of Financial services department of any hospital is to do billing and accounting of the hospital, which is nowhere dependent on the amount of revenue per bill, rather its dependent on the number of bills generated. as the time taken for processing a single bill almost takes same amount of time irrespective of the the revenue generated from a particular bill.
So, in my opinion the better cost driver for Hospital's Financial services department should be number of bills generated.
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Il Musli duon.) is the better cost driver for the costs of a hospital's financial department:...
6.3 its and four patient services partments are as follows: The following data pertain to problems 6.3 trong 6....
6.3
its and four patient services partments are as follows: The following data pertain to problems 6.3 trong 6.6: St. Benedict's Hospital has three support departments and four departments. The direct costs to cach of the support departmen General Administration Facilities Financial Services 3,000,000 Selected data for the three support and four patient services departm shown below: $2,000,000 5,000,000 departments are Housekeeping Labor Hours Salary Dollars 2,000 $1,500,000 Patient Space Services (square Department Revenue feet) Support: a General 10,000 Administration...
Tacoma Hospital has three support departments and four patient services departments. The direct costs to each...
Tacoma Hospital has three support departments and four patient services departments. The direct costs to each of the support departments are as follows: Tacoma Hospital has three support departments and four patient services departments. The direct costs to each of the support departments are as follows: Direct Costs Cost Driver General Administration $2,000,000 Salary Dollars Facilities $5,000,000 Housekeeping Labor Hours Financial Services $3,000,000 Patient Services Revenue Total $10,000,000 The patient services revenue, salary dollars, and housekeeping labor hours for each...
Tacoma Hospital has three support departments and four patient services departments. The direct costs to each...
Tacoma Hospital has three support departments and four patient services departments. The direct costs to each of the support departments are as follows: Direct Costs Cost Driver General Administration $2,000,000 Patient Services Revenue Facilities $5,000,000 Space (square feet) Financial Services $3,000,000 Patient Services Revenue Total $10,000,000 The patient services revenue and space utilization (square feet) for each department are as follows: Patient Services Revenue Space (square feet) Routine Care $30,000,000 400,000 Intensive Care $4,000,000 40,000 Diagnostic Services $6,000,000 60,000 Other...
6.7 a & b only please write out so I can follow. No pictures. New problem....
6.7 a & b only
please write out so I can follow. No pictures. New
problem.
The following data pertain to problems 6.7 and 6.8: St. Luke's Hospital has three support departments and four patient services Selected data for the three support and four patient services departments a Healthcare $4,000,000 5,000,000 4,000,000 follows: departments. The direct costs to each of the support departments are as General Administration Maintenance Employee Benefits are shown below: Patient Services Revenue Space (square feet) Number...
How do I solve questions a-d on question 6.2? Problems 61 The housekeeping services department of...
How do I solve questions a-d on question 6.2?
Problems 61 The housekeeping services department of Ruger Clinic, a multispecialty practice in Toledo, Ohio, had $100,000 in direct costs during 2015. These costs must be allocated to Ruger's three revenue-producing patient services departments using the direct method. Two cost drivers are under consideration: patient services revenue and hours of housekeeping services used. The patient services departments generated $5 million in total revenues during 2015, and to support these clinical activities,...
2. Harborview Hospital has two patient services departments (Routine Care and Intensive Care) and two support...
2. Harborview Hospital has two patient services departments (Routine Care and Intensive Care) and two support departments (Maintenance and Employee Benefits). FTE Employees 75 Department Maintenance Employee Benefits Routine Care Intensive Care Direct Costs ($) | 5,000,000 4,000,000 2,000,000 3,000,000 Space (ft) 10,000 7,000 55,000 45,000 50 700 D 300 Assume that Harborview uses the direct method for cost allocation. The cost driver for maintenance is space utilization, and the cost driver for employee benefits is the number of full-time...
2. Harborview Hospital has two patient services departments (Routine Care and Intensive Care) and two support...
2. Harborview Hospital has two patient services departments (Routine Care and Intensive Care) and two support departments (Maintenance and Employee Benefits). FTE Employees 75 Department Maintenance Employee Benefits Routine Care Intensive Care Direct Costs ($) | 5,000,000 4,000,000 2,000,000 3,000,000 Space (ft) 10,000 7,000 55,000 45,000 50 700 D 300 Assume that Harborview uses the direct method for cost allocation. The cost driver for maintenance is space utilization, and the cost driver for employee benefits is the number of full-time...
2. Harborview Hospital has two patient services departments (Routine Care and Intensive Care) and two support...
2. Harborview Hospital has two patient services departments (Routine Care and Intensive Care) and two support departments (Maintenance and Employee Benefits). FTE Employees 75 Department Maintenance Employee Benefits Routine Care Intensive Care Direct Costs ($) | 5,000,000 4,000,000 2,000,000 3,000,000 Space (ft) 10,000 7,000 55,000 45,000 50 700 D 300 Assume that Harborview uses the direct method for cost allocation. The cost driver for maintenance is space utilization, and the cost driver for employee benefits is the number of full-time...
South Lancaster Clinic, a multispecialty practice in Boston, Massachusetts, has three revenue-producing patient services departments and...
South Lancaster Clinic, a multispecialty practice in Boston, Massachusetts, has three revenue-producing patient services departments and one support department. The direct cost of the support department is $100,000 which must be allocate to the three revenue-producing patient services departments using the direct method. Two cost drivers are under consideration: patient services revenue and hours of support services used. The patient services revenue and hours of support services used for each department are as follows Revenue Support Service Hours Adult Services...
Use the following information to answer questions 1-3. The housekeeping services department of Ruger Clinic, a...
Use the following information to answer questions 1-3. The housekeeping services department of Ruger Clinic, a multispecialty practice in Toledo, Ohio, had $100,000 in direct costs during 2015. These costs must be allocated to Ruger’s three revenue-producing patient services departments using the direct method. Two cost drivers are under consideration: patient services revenue and hours of housekeeping services used. The patient services departments generated $5 million in total revenues during 2015, and to support these clinical activities, they used 5,000...
6.3
its and four patient services partments are as follows: The following data pertain to problems 6.3 trong 6.6: St. Benedict's Hospital has three support departments and four departments. The direct costs to cach of the support departmen General Administration Facilities Financial Services 3,000,000 Selected data for the three support and four patient services departm shown below: $2,000,000 5,000,000 departments are Housekeeping Labor Hours Salary Dollars 2,000 $1,500,000 Patient Space Services (square Department Revenue feet) Support: a General 10,000 Administration...
6.7 a & b only
please write out so I can follow. No pictures. New
problem.
The following data pertain to problems 6.7 and 6.8: St. Luke's Hospital has three support departments and four patient services Selected data for the three support and four patient services departments a Healthcare $4,000,000 5,000,000 4,000,000 follows: departments. The direct costs to each of the support departments are as General Administration Maintenance Employee Benefits are shown below: Patient Services Revenue Space (square feet) Number...
How do I solve questions a-d on question 6.2?
Problems 61 The housekeeping services department of Ruger Clinic, a multispecialty practice in Toledo, Ohio, had $100,000 in direct costs during 2015. These costs must be allocated to Ruger's three revenue-producing patient services departments using the direct method. Two cost drivers are under consideration: patient services revenue and hours of housekeeping services used. The patient services departments generated $5 million in total revenues during 2015, and to support these clinical activities,...
2. Harborview Hospital has two patient services departments (Routine Care and Intensive Care) and two support departments (Maintenance and Employee Benefits). FTE Employees 75 Department Maintenance Employee Benefits Routine Care Intensive Care Direct Costs ($) | 5,000,000 4,000,000 2,000,000 3,000,000 Space (ft) 10,000 7,000 55,000 45,000 50 700 D 300 Assume that Harborview uses the direct method for cost allocation. The cost driver for maintenance is space utilization, and the cost driver for employee benefits is the number of full-time...
2. Harborview Hospital has two patient services departments (Routine Care and Intensive Care) and two support departments (Maintenance and Employee Benefits). FTE Employees 75 Department Maintenance Employee Benefits Routine Care Intensive Care Direct Costs ($) | 5,000,000 4,000,000 2,000,000 3,000,000 Space (ft) 10,000 7,000 55,000 45,000 50 700 D 300 Assume that Harborview uses the direct method for cost allocation. The cost driver for maintenance is space utilization, and the cost driver for employee benefits is the number of full-time...
2. Harborview Hospital has two patient services departments (Routine Care and Intensive Care) and two support departments (Maintenance and Employee Benefits). FTE Employees 75 Department Maintenance Employee Benefits Routine Care Intensive Care Direct Costs ($) | 5,000,000 4,000,000 2,000,000 3,000,000 Space (ft) 10,000 7,000 55,000 45,000 50 700 D 300 Assume that Harborview uses the direct method for cost allocation. The cost driver for maintenance is space utilization, and the cost driver for employee benefits is the number of full-time...
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