Homework Answers
Answer for requirement 1
| Facilities | Utilities | General Administration | Community outreach | |
| Departments | Square feet of space | Cubic feet of space | Budgeted no. of employees | Budgeted $s of patient billings |
| General Medicine Division | =190000/40000*15000 | =24000/400000*135000 | =220000/100*30 | =40000/4000000*2000000 |
| Surgical Division | =190000/40000*8000 | =24000/400000*100000 | =220000/100*20 | =40000/4000000*1250000 |
| Medical Support Division | =190000/40000*9000 | =24000/400000*90000 | =220000/100*20 | =40000/4000000*750000 |
| Administrative Division | =190000/40000*8000 | =24000/400000*75000 | =220000/100*30 | =40000/4000000*0 |
| Total Cost | =SUM(C4:C7) | =SUM(D4:D7) | =SUM(E4:E7) | =SUM(F4:F7) |
| Facilities | Utilities | General Administration | Community outreach | |
| Departments | Square feet of space | Cubic feet of space | Budgeted no. of employees | Budgeted $s of patient billings |
| General Medicine Division | 71,250 | 8,100 | 66,000 | 20,000 |
| Surgical Division | 38,000 | 6,000 | 44,000 | 12,500 |
| Medical Support Division | 42,750 | 5,400 | 44,000 | 7,500 |
| Administrative Division | 38,000 | 4,500 | 66,000 | - |
| Total Cost | 1,90,000 | 24,000 | 2,20,000 | 40,000 |
Answer for requirement 2
The best allocation base for community outreach would be Square feet of space since the activities in community outreach are Public Education and School Physical Exam for which the major utilization is of space which should be used for allocation of cost instead of Budgeted dollars of patient billings.
Answer for requirement 3
Following statements are true:
It improves the profitability position of the various divisions.
Division Managers are able to reflect cost when pricing services.
It brings about a good coordination among the various divisions in the usage of utilities.
The total cost of running the division is reflected.
Add Answer to:
Rocky Mountain General Hospital serves three counties in Colorado. The hospital is a nonprofit organization that...
Rocky Mountain General Hospital serves three counties in Colorado. The hospital is a nonprofit organization that...
Rocky Mountain General Hospital serves three counties in Colorado. The hospital is a nonprofit organization that is supported by patient billings, county and state funds, and private donations. The hospital's organization is shown in the following chart. Rocky Mountain General Hospital General Medicine Division Surgical Division Medical Support Division Administrative Division Nursing Department Nutrition Department Housekeeping Department Radiology and Laboratory Department Maintenance Department Kitchen Registered Dietitians' Section Food Service Section Patient Food Service Cafeteria Actual Year to August Date $...
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...
Woodbury Hospital has three service departments and three operating departments. Estimated cost and operating data for...
Woodbury Hospital has three service departments and three operating departments. Estimated cost and operating data for all departments in the hospital for the forthcoming quarter are presented in the table below: Service Departments Operating Departments Housekeeping Services Food Services Administrative Services Laboratory Radiology General Hospital Total Total cost $96,000 $319,060 $267,020 $428,400 $556,500 $507,300 $2,174,280 Meals served 1,700 3,800 1,900 73,400 80,800 Square feet of space 5,900 15,700 8,300 12,700 8,400 117,000 168,000 Files processed 18,500 11,500 34,000 64,000 The...
24-6. Hospltal but rents space department break-even analysis. Hillsboro Hospital operates a general hospital e and...
24-6. Hospltal but rents space department break-even analysis. Hillsboro Hospital operates a general hospital e and beds to separate entities for specialized areas such as pediatrics, matern ity c. The hospital charges each separate entity for common services such as patien y and for administrative services such as billings and collections. All uncollect bed meals adr charged directly to the entity Space and bed rentals are fixed for the year ts ible For the fiscal year ended Jun a revenue...
Rocky Mountain Leatherworks, which manufactures saddles and other leather goods has three departments. The Assembly Department...
Rocky Mountain Leatherworks, which manufactures saddles and other leather goods has three departments. The Assembly Department manufactures various leather products, such as belts, purses, and saddlebags, using an automated production process. The Saddle Department produces handmade saddles and uses very little machinery. The Tanning Department produces leather. The tanning process requires little in the way of labor or machinery, but it does require space and process time. Due to the different production processes in the three departments, the company uses...
accounting question 5.4. General Hospital, a not-for-profit acute care facility, has the following cost structure for...
accounting question
5.4. General Hospital, a not-for-profit acute care facility, has the following cost structure for its inpatient services Fixed Costs Variable costs per inpatient day Charge (revenue) per inpatient day $10,000,000 200 1,000 The hospital expects to have a patient load of 15,000 inpatient days next year. a. Construct the hospitals base case projected P&L statement b. What is the hospitals breakeven point? c. What volume is required to provide a profit of $1,000,000? A profit of $500,000? d....
(There are other examples of this but they divide it between Variable Cost and Fixed...
(There are other examples of this but they divide it between
Variable Cost and Fixed Cost and mine doesn't have that, also can
you show steps on how to do this and not just the answers please?
Thanks!!)
PROBLEM 4B-5 Step-Down Method Woodbury Hospital has three service departments and three operating departments. Estimated cost and operating data for all departments in the hospital for the forthcoming quarter are presented in the table below: Service Departments Operating Departments Housekeeping Services...
St. Benedict Hospital has three primary revenue producing departments (Inpatient, Outpatient, Clinic) with the following revenue...
St. Benedict Hospital has three primary revenue producing departments (Inpatient, Outpatient, Clinic) with the following revenue and cost projections. In order to better determine the departments’ overall true cost and profit margin, management wants to allocate service department costs as overhead allocations to these departments. PROJECTED REVENUES AND COSTS PER DEPARTMENT Revenues Inpatient Services $18,500,000 Outpatient Services 32,000,000 ...
1. Focusing on only the inpatient care cost (i.e., ignoring operating room costs), what is the...
1. Focusing on only the inpatient care cost (i.e., ignoring
operating room costs), what is the cost of a TAH (non-oncology)
under each of the cost accounting systems? A tuboplasty? A TAH
(oncology)? What accounts for the differences?
Croswell University Hospital This report doesn't describe where our costs are generated. We're applying one standard to all patients, regardless of their level of care. What incentive is there to identify and account for the costs of each type of procedure? Unless...
Unplanned hospital readmissions are a serious matter for patients and a quality and cost issue for...
Unplanned hospital readmissions are a serious matter for patients and a quality and cost issue for the healthcare system of every country. For example, in the United States, during 2011, nearly 19 percent of Medicare patients were readmitted to the hospital within 30 days of their initial discharge, running up an additional $26 billion in healthcare costs. Hospitals are seeking more effective ways to identify patients at high risk of readmission—especially now that Medicare has begun reducing payments to hospitals...
Rocky Mountain General Hospital serves three counties in Colorado. The hospital is a nonprofit organization that is supported by patient billings, county and state funds, and private donations. The hospital's organization is shown in the following chart. Rocky Mountain General Hospital General Medicine Division Surgical Division Medical Support Division Administrative Division Nursing Department Nutrition Department Housekeeping Department Radiology and Laboratory Department Maintenance Department Kitchen Registered Dietitians' Section Food Service Section Patient Food Service Cafeteria Actual Year to August Date $...
24-6. Hospltal but rents space department break-even analysis. Hillsboro Hospital operates a general hospital e and beds to separate entities for specialized areas such as pediatrics, matern ity c. The hospital charges each separate entity for common services such as patien y and for administrative services such as billings and collections. All uncollect bed meals adr charged directly to the entity Space and bed rentals are fixed for the year ts ible For the fiscal year ended Jun a revenue...
Rocky Mountain Leatherworks, which manufactures saddles and other leather goods has three departments. The Assembly Department manufactures various leather products, such as belts, purses, and saddlebags, using an automated production process. The Saddle Department produces handmade saddles and uses very little machinery. The Tanning Department produces leather. The tanning process requires little in the way of labor or machinery, but it does require space and process time. Due to the different production processes in the three departments, the company uses...
accounting question
5.4. General Hospital, a not-for-profit acute care facility, has the following cost structure for its inpatient services Fixed Costs Variable costs per inpatient day Charge (revenue) per inpatient day $10,000,000 200 1,000 The hospital expects to have a patient load of 15,000 inpatient days next year. a. Construct the hospitals base case projected P&L statement b. What is the hospitals breakeven point? c. What volume is required to provide a profit of $1,000,000? A profit of $500,000? d....
(There are other examples of this but they divide it between
Variable Cost and Fixed Cost and mine doesn't have that, also can
you show steps on how to do this and not just the answers please?
Thanks!!)
PROBLEM 4B-5 Step-Down Method Woodbury Hospital has three service departments and three operating departments. Estimated cost and operating data for all departments in the hospital for the forthcoming quarter are presented in the table below: Service Departments Operating Departments Housekeeping Services...
1. Focusing on only the inpatient care cost (i.e., ignoring
operating room costs), what is the cost of a TAH (non-oncology)
under each of the cost accounting systems? A tuboplasty? A TAH
(oncology)? What accounts for the differences?
Croswell University Hospital This report doesn't describe where our costs are generated. We're applying one standard to all patients, regardless of their level of care. What incentive is there to identify and account for the costs of each type of procedure? Unless...
Most questions answered within 3 hours.
-
Do not neglect the old for the new. The existing business must
not lose priority simply...
asked 44 minutes ago -
Kylie is a single mom with two dependent children,
Tanner, age 7 and Olivia, age 11....
asked 2 hours ago -
Phosphorous + bromine = phosphorous tribromide. If 35.0 g of
bromine are reacted and 27.9 grams...
asked 3 hours ago -
Derive the long wavelength limit of the Planck energy density
distribution
asked 3 hours ago -
Calculate the pH of each of the following solutions.
0.50 M HBr
3.1×10−4 M KOH
4.2×10−5...
asked 6 hours ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 6 hours ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 7 hours ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 7 hours ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 7 hours ago -
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 7 hours ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 7 hours ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 7 hours ago