1a | ||
Estimated fixed overhead cost | 27053800 | |
Estimated variable overhead cost | 4035800 | =(3400*291)+(27200*112) |
Estimated total overhead cost | 31089600 | |
Divide by Total Estimated number of patient-days | 30600 | |
The predetermined overhead rate | 1016 | per patient day |
b | ||
Patient A | ||
Direct materials | 5900 | |
Direct labor | 28500 | |
Applied overhead | 23368 | =23*1016 |
Total cost for Patient A | 57768 | |
Patient B | ||
Direct materials | 7600 | |
Direct labor | 38800 | |
Applied overhead | 28448 | =28*1016 |
Total cost for Patient B | 74848 | |
2a | ||
Estimated fixed overhead cost | 5375400 | |
Estimated variable overhead cost | 989400 | =3400*291 |
Estimated total overhead cost | 6364800 | |
Divide by Estimated number of patient-days | 3400 | |
Predetermined ICU overhead rate | 1872 | per patient day |
Estimated fixed overhead cost | 21678400 | |
Estimated variable overhead cost | 3046400 | =27200*112 |
Estimated total overhead cost | 24724800 | |
Divide by Estimated number of patient-days | 27200 | |
Predetermined Other overhead rate | 909 | per patient day |
b | ||
Patient A | ||
Direct materials | 5900 | |
Direct labor | 28500 | |
Applied overhead | 20907 | =23*909 |
Total cost for Patient A | 55307 | |
Patient B | ||
Direct materials | 7600 | |
Direct labor | 38800 | |
Applied overhead | 40860 | =(16*1872)+(12*909) |
Total cost for Patient B | 87260 |
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials...
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and pacemakers. Its direct labor costs (e.g., surgeons, anesthesiologists, radiologists, and nurses) associated with specific surgical procedures and tests are traced to individual patients. All other costs, such as depreciation of medical equipment, insurance, utilities, incidental medical supplies, and the labor costs associated with around-the- clock monitoring of patients are treated...
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials Include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and pacemakers. Its direct labor costs (e.g., surgeons, anesthesiologists, radiologists, and nurses) associated with specific surgical procedures and tests are traced to Individual patients. All other costs, such as depreciation of medical equipment, Insurance, utilities, Incidental medical supplies, and the labor costs associated with around-the- clock monitoring of patients are treated...
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and pacemakers. Its direct labor costs (e.g., surgeons, anesthesiologists, radiologists, and nurses) associated with specific surgical procedures and tests are traced to individual patients. All other costs, such as depreciation of medical equipment, insurance, utilities, incidental medical supplies, and the labor costs associated with around-the-clock monitoring of patients are treated as...
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and pacemakers. Its direct labor costs (e.g., surgeons, anesthesiologists, radiologists, and nurses) associated with specific surgical procedures and tests are traced to individual patients. All other costs, such as depreciation of medical equipment, insurance, utilities, incidental medical supplies, and the labor costs associated with around-the-clock monitoring of patients are treated as...
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and pacemakers. Its direct labor costs (e.g., surgeons, anesthesiologists, radiologists, and nurses) associated with specific surgical procedures and tests are traced to individual patients. All other costs, such as depreciation of medical equipment, insurance, utilities, incidental medical supplies, and the labor costs associated with around-the-clock monitoring of patients are treated as...
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and pacemakers. Its direct labor costs (e.g., surgeons, anesthesiologists, radiologists, and nurses) associated with specific surgical procedures and tests are traced to individual patients. All other costs, such as depreciation of medical equipment, insurance, utilities, incidental medical supplies, and the labor costs associated with around-the clock monitoring of patients are treated...
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and pacemakers. Its direct labor costs (e.g., surgeons, anesthesiologists, radiologists, and nurses) associated with specific surgical procedures and tests are traced to individual patients. All other costs, such as depreciation of medical equipment, insurance, utilities, incidental medical supplies, and the labor costs associated with around-the- clock monitoring of patients are treated...
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of Items such as pharmaceutical drugs, heart valves, artificial hips, and pacemakers. Its direct labor costs (e.g., surgeons, anesthesiologists. radiologists, and nurses) associated with specific surgical procedures and tests are traced to individual patients. All other costs, such as depreciation of medical equipment, Insurance, utilities, incidental medical supplies, and the labor costs associated with around-the- clock monitoring of patients are treated...
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and pacemakers. Its direct labor costs (e.g., surgeons, anesthesiologists, radiologists, and nurses) associated with specific surgical procedures and tests are traced to individual patients. All other costs, such as depreciation of medical equipment, insurance, utilities, incidental medical supplies, and the labor costs associated with around-the-clock monitoring of patients are treated as...
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and pacemakers. Its direct labor costs (e.g., surgeons, anesthesiologists, radiologists, and nurses) associated with specific surgical procedures and tests are traced to individual patients. All other costs, such as the depreciation of medical equipment, insurance, utilities, incidental medical supplies, and the labor costs associated with around-the-clock monitoring of patients are treated...