Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to
Question:
Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient clinics.
Required:
For each cost incurred at Northwest Hospital, indicate whether it would most likely be a direct cost or an indirect cost of the specified cost object placing an X in the appropriate column.
Transcribed Image Text:
Direct Indirect Cost Cost Cost Object Cost A particular patient Ex. Catered food served to patients х The wages of pediatric nurses The pediatric department 1. A particular patient 2. Prescription drugs 3. Heating the hospital The pediatric department 4. The salary of the head of pediatrics The pediatric department A particular pediatric patient A particular patient A particular patient A particular department The salary of the head of pediatrics 5. Hospital chaplain's salary 6. 7. Lab tests by outside contractor 8. Lab tests by outside contractor
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 47% (21 reviews)
Cost 1 The wages of pediatric nurses 2 Prescriptio...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Question Posted:
Students also viewed these Managerial Accounting questions
-
Indicate which sampling method would most likely be used in each of the following situations: a. An interview conducted with mayors of a sample of cities in Florida b. A poll of voters regarding a...
-
Indicate whether the following revenues would most likely be classified as program revenues or general revenues on the government-wide statement of activities. a. Unrestricted operating grants that...
-
In each of the following cases, indicate whether it would be appropriate for an FI to buy or sell a forward contract to hedge the appropriate risk. a. A commercial bank plans to issue CDs in three...
-
1. Jowel, the financial manager for Berjayasama Bhd, wishes to evaluate three potential investments: Investment A, Investments B and Investment C. Table 1 shows the expected returns. You have been...
-
A compound microscope has the objective and eyepiece mounted in a tube that is 18.0 cm long. The focal length of the eyepiece is 2.62 cm, and the near-point distance of the person using the...
-
Tara Whitney was interested in controlling her company's inventory because she knew that excess inventories were expensive in that they tied up funds. On the other hand insufficient inventory levels...
-
The central difference approximation of \(d^{2} x / d t^{2}\) at \(t_{i}\) is given by a. \(\frac{1}{h^{2}}\left(x_{i+1}-2 x_{i}+x_{i-1} ight)\) b. \(\frac{1}{h^{2}}\left(x_{i+1}-x_{i-1} ight)\) c....
-
Consider the project network below. Suppose the duration of both activities A and D can be reduced to one day, at a cost of $15 per day of reduction. Also, activities E, G, and H can be reduced in...
-
In what ways does your mediated communication enhance your relationships and well-being? In what ways does it lead to superficial contacts, alienation, and poor health? How would a knowledgeable...
-
What's the rate of return you would earn if you paid $1,500 for a perpetuity that pays $100.65 per year?
-
Below are a number of costs that are incurred in a variety of organization. Required: Classify each cost as being variable or fixed with respect to the number of units of product or services sold by...
-
Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient clinics. The hospitals Radiology Department is considering replacing an...
-
A bag contains six red fuses, five blue fuses and four yellow fuses. Find how many ways there are to select: a. Three fuses of different colours b. Three fuses of the same colour c. 10 fuses in...
-
The following financial information is related to the 2022 operations of Wildhorse Company. Maintenance and repairs expense $91,000 Utilities expense 14,000 Salaries and wages expense 151,500...
-
Sheridan Service sells oil at a markup of 42% of the selling price. Sheridan paid $0.91 per litre of oil. (a) What is the selling price per litre? (b) What is the rate of markup based on cost? (a)...
-
Think about the following relation: {(0,2), (-2,0), (0,7), (-1,0)} What is the domain of the relation? { What is the range of the relation? { }
-
The following information is available for the pension plan of Crane Company for the year 2025. Actual and expected return on plan assets $15,300 Benefits paid to retirees 36,700 Contributions...
-
Sandhill Truck Service uses the units-of-production method to calculate depreciation on its trucks. Each truck is expected to be driven 303,300 km over its life. Truck 10 was purchased on March 1,...
-
Because the batteries used in heart pacemakers are so critically important, you want to determine the average (mean) length of time that such batteries last before failure. Describe how you would...
-
A copper wire (density = 8.96 g/cm 3 ) has a diameter of 0.25 mm. If a sample of this copper wire has a mass of 22 g, how long is the wire?
-
Now choose one of your firms and look up other firms in the same industry. Perform a Valuation by Comparables analysis by looking at the price/earnings, price/book value, price/sales, and...
-
Neptune Company produces toys and other items for use in bench and resort areas. A small, inflatable toy has come into the market that the company is anxious to produce and sell. The new sell for $3...
-
Lin Corporation has a single product whose selling price is $120 and whose variable expense is $80 per unit. The company's monthly fixed expense is $50,000? Required 1. Using the equation method,...
-
The following data relating to units shipped and total shipping expense have been assembled by Archer Company, a wholesaler of large, custom-built air-conditioning units for commercial buildings:...
-
A printer is publishing multiple copies of a specific document. While printing this document, ink is being used at a rate of r(t) = 0.2(1 + cos(t)),measured in ounces/min. If the printer started the...
-
discuss the role of colonialism and its impact on language, identity, and power dynamics in Chinua Achebe's "Things Fall Apart," particularly in the context of the Igbo society and European...
-
Let Y1,...,Yn be a random sample from the following distributions with the unknown parameter(s). Estimate them by maximum likelihood and by the method of moments. fe (y) = 0y01, 0 y 1, 0 > 0
Study smarter with the SolutionInn App