Homework Answers
| 1. | ||||||
| Total budgeted monthly overhead cost | = | Budgeted variable overhead cost per activity unit | x | Total activity units | + | Budgeted fixed overhead cost per month |
|
11.20 [ 40*0.28 ] |
x |
patient days |
+ |
3500 |
| 2. | |||
| Patient days | |||
| 45000 | 55000 | 65000 | |
| Variable electricity cost | 504000 | 616000 | 728000 |
| Fixed electricity cost | 3500 | 3500 | 3500 |
| Total electricity cost | 507500 | 619500 | 731500 |
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The controller for Rainbow Children's Hospital, located in Munich, Germany, estimates that the hospital uses 40...
The controller for Rainbow Children's Hospital, located in Munich, Germany, estimates that the hospital uses 41...
The controller for Rainbow Children's Hospital, located in Munich, Germany, estimates that the hospital uses 41 kilowatt-hours of electricity per patient-day, and that the electric rate will be 0.29 euro per kilowatt-hour. The hospital also pays a fixed monthly charge of 3,600 euros to the electric utility to rent emergency backup electric generators. Required: Construct a flexible budget for the hospital's electricity costs using each of the following techniques. 1. Formula flexible budget. 2 Columnar flexible budget for 46,000, 56,000...
The controller for Rainbow Children’s Hospital, located in Munich, Germany, estimates that the hospital uses 26...
The controller for Rainbow Children’s Hospital, located in
Munich, Germany, estimates that the hospital uses 26 kilowatt-hours
of electricity per patient-day, and that the electric rate will be
0.14 euro per kilowatt-hour. The hospital also pays a fixed monthly
charge of 2,100 euros to the electric utility to rent emergency
backup electric generators.
Required:
Construct a flexible budget for the hospital’s electricity costs
using each of the following techniques.
Formula flexible budget.
2.) Columnar flexible budget for 31,000, 41,000 and...
work problem 11-28 The controller for Rainbow Children's Hospital located in Munich, Germany, estimates that the...
work problem 11-28 The controller for Rainbow Children's Hospital located in Munich, Germany, estimates that the hospital uses 41 kilowatt hours of electricity per patient-day, and that the electric rate will be 0.29 euro per kilowat hour. The hospital also pays a fixed monthly charge of 3.500 euros to the electric utility to rent emergency backup electric generators Required: Construct a flexible budget for the hospital's electricity costs using each of the following techniques 1. Formula flexible budget 2.Columnar flexible...
UPMC Hospital at Robinson Township prepared its 2020 planning budget (static budget) by months and was...
UPMC Hospital at Robinson Township prepared its 2020 planning budget (static budget) by months and was approved in December 2019. The budget was prepared based on the expected patient-visits for each month. The hospital's static budget for April 2020 is as follow: Budgeted number of patient-visits 7,600 Budgeted variable overhead costs: Supplies (@$4.70 per patient-visit)……………. $ 35,720 Laundry (@$7.80 per patient-visit)……………. 59,280 Total variable overhead cost……………….. 95,000 Budgeted fixed overhead costs: Wages and salaries…………………………… 156,000 Occupancy costs……………………………… 227,726 Total fixed...
Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: ...
Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: Budgeted number of patient-visits 8,400 Budgeted variable overhead costs: Supplies (@$5.70 per patient-visit) $ 47,880 Laundry (@$8.70 per patient-visit) 73,080 Total variable overhead cost 120,960 Budgeted fixed overhead costs: Wages and salaries 54,150 Occupancy costs 86,550 Total fixed overhead cost 140,700 Total budgeted overhead cost $ 261,660 The total overhead cost at...
Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: Budgeted...
Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: Budgeted number of patient-visits 7,000 Budgeted variable overhead costs: Supplies (@$5.50 per patient-visit) $ 38,500 Laundry (@$8.50 per patient-visit) 59,500 Total variable overhead cost 98,000 Budgeted fixed overhead costs: Wages and salaries 53,650 Occupancy costs 86,250 Total fixed overhead cost 139,900 Total budgeted overhead cost $ 237,900 The total overhead cost at an activity level of 7,700 patient-visits per month should be: The total overhead...
Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: Budgeted...
Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: Budgeted number of patient-visits 7,000 Budgeted variable overhead costs: Supplies (@$5.50 per patient-visit) $ 38,500 Laundry (@$8.50 per patient-visit) 59,500 Total variable overhead cost 98,000 Budgeted fixed overhead costs: Wages and salaries 53,650 Occupancy costs 86,250 Total fixed overhead cost 139,900 Total budgeted overhead cost $ 237,900 The total overhead cost at an activity level of 7,700 patient-visits per month should be: Multiple Choice $261,690...
Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: 9,300...
Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: 9,300 $ 50,220 78,120 128, 340 Budgeted number of patient-visits Budgeted variable overhead costs: Supplies (@$5.40 per patient-visit) Laundry (@$8.40 per patient-visit) Total variable overhead cost Budgeted fixed overhead costs: Wages and salaries Occupancy costs Total fixed overhead cost Total budgeted overhead cost 53,400 86,100 139,500 $267,840 The total overhead cost at an activity level of 10,000 patient-visits per month should be: Multiple Choice $288,000...
Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below. 9,30€...
Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below. 9,30€ Budgeted number of patient-visits Budgeted variable overhead costs: Supplies (@$5.40 per patient-visit) Laundry (@$8.40 per patient-visit) Total variable overhead cost Budgeted fixed overhead costs: Wages and salaries Occupancy costs Total fixed overhead cost Total budgeted overhead cost 78,120 128, 340 53, 4ee 86,188 139, see $267,840 The total overhead cost at an activity level of 10,000 patient-visits per month should be: Multiple Choice C)...
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 28...
Alden Company uses a three-variance analysis for factory
overhead variances. Practical capacity is defined as 28 setups and
28,000 machine hours to manufacture 5,600 units for the year.
Selected data for 2019 follow:
Budgeted fixed factory overhead:
Setup cost
$
84,000
Other
186,000
$
270,000
Total factory overhead cost incurred
$
490,000
Variable factory overhead rate:
Per setup
$
850
Per machine hour
$
5.00
Total standard machine hours allowed for the units
manufactured
25,000
hours
Machine hours actually worked...
The controller for Rainbow Children's Hospital, located in Munich, Germany, estimates that the hospital uses 41 kilowatt-hours of electricity per patient-day, and that the electric rate will be 0.29 euro per kilowatt-hour. The hospital also pays a fixed monthly charge of 3,600 euros to the electric utility to rent emergency backup electric generators. Required: Construct a flexible budget for the hospital's electricity costs using each of the following techniques. 1. Formula flexible budget. 2 Columnar flexible budget for 46,000, 56,000...
The controller for Rainbow Children’s Hospital, located in
Munich, Germany, estimates that the hospital uses 26 kilowatt-hours
of electricity per patient-day, and that the electric rate will be
0.14 euro per kilowatt-hour. The hospital also pays a fixed monthly
charge of 2,100 euros to the electric utility to rent emergency
backup electric generators.
Required:
Construct a flexible budget for the hospital’s electricity costs
using each of the following techniques.
Formula flexible budget.
2.) Columnar flexible budget for 31,000, 41,000 and...
work problem 11-28 The controller for Rainbow Children's Hospital located in Munich, Germany, estimates that the hospital uses 41 kilowatt hours of electricity per patient-day, and that the electric rate will be 0.29 euro per kilowat hour. The hospital also pays a fixed monthly charge of 3.500 euros to the electric utility to rent emergency backup electric generators Required: Construct a flexible budget for the hospital's electricity costs using each of the following techniques 1. Formula flexible budget 2.Columnar flexible...
Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: Budgeted number of patient-visits 7,000 Budgeted variable overhead costs: Supplies (@$5.50 per patient-visit) $ 38,500 Laundry (@$8.50 per patient-visit) 59,500 Total variable overhead cost 98,000 Budgeted fixed overhead costs: Wages and salaries 53,650 Occupancy costs 86,250 Total fixed overhead cost 139,900 Total budgeted overhead cost $ 237,900 The total overhead cost at an activity level of 7,700 patient-visits per month should be: The total overhead...
Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: 9,300 $ 50,220 78,120 128, 340 Budgeted number of patient-visits Budgeted variable overhead costs: Supplies (@$5.40 per patient-visit) Laundry (@$8.40 per patient-visit) Total variable overhead cost Budgeted fixed overhead costs: Wages and salaries Occupancy costs Total fixed overhead cost Total budgeted overhead cost 53,400 86,100 139,500 $267,840 The total overhead cost at an activity level of 10,000 patient-visits per month should be: Multiple Choice $288,000...
Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below. 9,30€ Budgeted number of patient-visits Budgeted variable overhead costs: Supplies (@$5.40 per patient-visit) Laundry (@$8.40 per patient-visit) Total variable overhead cost Budgeted fixed overhead costs: Wages and salaries Occupancy costs Total fixed overhead cost Total budgeted overhead cost 78,120 128, 340 53, 4ee 86,188 139, see $267,840 The total overhead cost at an activity level of 10,000 patient-visits per month should be: Multiple Choice C)...
Alden Company uses a three-variance analysis for factory
overhead variances. Practical capacity is defined as 28 setups and
28,000 machine hours to manufacture 5,600 units for the year.
Selected data for 2019 follow:
Budgeted fixed factory overhead:
Setup cost
$
84,000
Other
186,000
$
270,000
Total factory overhead cost incurred
$
490,000
Variable factory overhead rate:
Per setup
$
850
Per machine hour
$
5.00
Total standard machine hours allowed for the units
manufactured
25,000
hours
Machine hours actually worked...
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