Now assume that ($2) million of Financial Services costs are related to billing and managerial reporting and

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Now assume that $$2$ million of Financial Services costs are related to billing and managerial reporting and $$1$ million are related to payroll and personnel management activities.

a. Devise and implement a direct method cost allocation scheme that recognizes that Financial Services has two widely different functions.

b. What, if any, additional information would be useful in completing part a?

c. What are the costs and benefits to St. Benedict’s of creating two cost pools for Financial Services?

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Fundamentals Of Healthcare Finance

ISBN: 9781640553224

4th Edition

Authors: Paula H. Song, Kristin L. Reiter

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Question Posted: Apr 01, 2024 02:00 AM

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Now assume that ($2) million of Financial Services costs are related to billing and managerial reporting and

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Fundamentals Of Healthcare Finance

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