Use the following information for activity in 2013: Cost Drivers: Financial Services patient services revenue Facilities...
Use the following information for activity in 2013:
|
Cost Drivers: |
||
|
Financial Services |
patient services revenue |
|
|
Facilities |
square feet |
|
|
Human Resources |
number of employees |
|
|
Direct Costs of Support Departments: |
||
|
Financial Services |
4,000 |
|
|
Facilities |
5,000 |
|
|
Human Resources |
3,000 |
|
|
Direct Costs of Revenue-Producing Departments: |
||
|
Routine Care |
10,000 |
|
|
Urgent Care |
8,000 |
|
|
Patient |
Space |
||
|
Services |
(Square |
Number of |
|
|
Department |
Revenue |
Feet) |
Employees |
|
Support: |
|||
|
Financial Services |
30 |
5 |
|
|
Facilities |
40 |
10 |
|
|
Human Resources |
50 |
15 |
|
|
Total |
120 |
30 |
|
|
Patient Services: |
|||
|
Routine Care |
30,000 |
100 |
20 |
|
Urgent Care |
20,000 |
70 |
25 |
|
Grand Total |
50,000 |
290 |
75 |
|
|
Human Resources |
Financial Services |
Routine care |
Urgent care |
|
|
Cost $ |
5,000 |
3,000 |
4,000 |
10,000 |
8,000 |
|
Number of employees |
10 |
15 |
5 |
20 |
25 |
|
Square feet |
40 |
50 |
30 |
100 |
70 |
|
Patient Services: |
30,000 |
20,000 |
|||
|
Allocation of facilities(On square feet) |
1,000 |
600 |
2,000 |
1,400 |
|
|
Total cost after allocation |
3000+1000=4000 |
4,600 |
12,000 |
9,400 |
|
|
Allocation of Human resources(Number of employees) |
400 |
1600 |
2000 |
||
|
Total cost after allocation |
4600+400=5000 |
13,600 |
11,400 |
||
|
Allocation of financial services(Patient Services) |
3000 |
2000 |
|||
|
Total cost after allocation in $ |
13600+3000=16600 |
13,400 |
Use the information from the previous problem. Instead of using the step-down method of cost allocation, a company decided to use the direct method. What is your allocation rate for human resources?
$________ per employee
Possible answers: 40, 66.67
Homework Answers
Allocation rate for human resources = $3,000 / 45 (20+25) = $66.67 per employee.
Hence option $66.67 is correct.
Add Answer to:
Use the following information for activity in 2013:
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