(Cost drivers) Assume that Ellis Hospital performs the following activities in providing outpatient service: 1. Verifying patients...
Question:
(Cost drivers) Assume that Ellis Hospital performs the following activities in providing outpatient service:
1. Verifying patient’s insurance coverage 2. Scheduling patient’s arrival date and time 3. Scheduling staff to prepare patient's surgery room 4. Scheduling doctors and nurses to perform surgery 5. Ordering patient tests 6. Moving patient to laboratory and administer lab tests 7. Moving patient to the surgery room 8. Administering anesthetic 9. Performing surgery 10.Moving patient to recovery room 11. Discharging patient after recovery 12. Billing the insurance company Assume that the patient is the cost object and determine the appropriate cost driver or drivers for each activity.LO1.
Step by Step Answer:
Cost Accounting Foundations And Evolutions
ISBN: 9780324235012
6th Edition
Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn