+ 2. The Housekeeping Services Department of AdventHealth Clinic had $120,000 in direct cost during the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
+ 2. The Housekeeping Services Department of AdventHealth Clinic had $120,000 in direct cost during the year. These costs must be allocated to AdventHealth Clinic's three revenue-producing patient services departments: (1) Pediatric Services, (2) Adult Services, and (3) Geriatric Services using the direct method. The cost driver under consideration is hours of housekeeping services. The hours of housekeeping services for each department are as follows: Department Housekeeping Hours Pediatric Services 2,400 Adult Services 3,600 Geriatric Services 6,000 Total Housekeeping hours 12,000 a. What is the dollar allocation to each department if hours of housekeeping support are used as the cost driver? Please show your work. Hint: complete the following tables: Department Pediatric Services Adult Services Geriatric Services Total Amount Allocated Allocation Rate $ Amount Allocated $ $ $ $ $ $ + 2. The Housekeeping Services Department of AdventHealth Clinic had $120,000 in direct cost during the year. These costs must be allocated to AdventHealth Clinic's three revenue-producing patient services departments: (1) Pediatric Services, (2) Adult Services, and (3) Geriatric Services using the direct method. The cost driver under consideration is hours of housekeeping services. The hours of housekeeping services for each department are as follows: Department Housekeeping Hours Pediatric Services 2,400 Adult Services 3,600 Geriatric Services 6,000 Total Housekeeping hours 12,000 a. What is the dollar allocation to each department if hours of housekeeping support are used as the cost driver? Please show your work. Hint: complete the following tables: Department Pediatric Services Adult Services Geriatric Services Total Amount Allocated Allocation Rate $ Amount Allocated $ $ $ $ $ $
Expert Answer:
Answer rating: 100% (QA)
To allocate the 120000 direct cost to AdventHealth Clinics three revenueproducing patient services d... View the full answer
Related Book For
Gapenski's Healthcare Finance An Introduction To Accounting And Financial Management
ISBN: 9781640551862
7th Edition
Authors: Kristin L. Reiter, Paula H. Song
Posted Date:
Students also viewed these accounting questions
-
K Information related to the long term operating assets of Burch Retail Distributors, Inc. at December 31, 2022, in as follows Click the icon to view the long-term operating assets) The fiscal year...
-
1 . You are considering starting a radiology practice. Your financial projections for the first year of operations are as follows: Number of visits 2 4 , 0 0 0 visits Fixed Variable Wages and...
-
. The demand and supply functions of a good are given by P = -3QD + 30 P = 2Qs + 10 where P, QD, and Qs denote price, quantity demanded and quantity supplied respectively. Find the equilibrium price...
-
Shown here is a list published by Electronics Weekly.com of the top five semiconductor companies in the United States by revenue ($ billions). a. Construct a bar chart to display these data. b....
-
Let R be the relation represented by the matrix Find the matrices that represent a) R2. b) R3. c) R4. MR=10 0 11.
-
If you rub a balloon with hair and bring it close to a stream of water in a wash basin, the water gets attracted toward the balloon. Can you predict the charge on the stream of water?
-
Determine which of the following are rational numbers: 1. \(\sqrt{73}\) 2. 4.556 3. \(3 \frac{1}{5}\) 4. \(\frac{41}{17}\) 5. \(5 . \overline{64}\)
-
Refer to Problem 21. Assume that management desires a 12-day project completion time. a. Formulate a linear programming model that can be used to assist with the crashing decisions. b. What...
-
. The following data is reported for a fund and an appropriate benchmark as well as the risk-free rate each year: Fund Benchmark Risk??free Return Return rate Year 1 1795 1495 295 Year 2 1895 1595 ...
-
9.2 How much will you have in your savings account after 5 years if you continue to save R150 per month and continue to earn 8% interest p.a.? Use the formula for calculating compound interest A = P...
-
How can organizations measure and demonstrate the return on investment (ROI) of their change management efforts, and what metrics should be prioritized to capture the full range of tangible and...
-
How might advancements in computational modeling and simulation facilitate predictive analyses of resilience trajectories at both individual and collective levels?
-
1.What potential solutions have been proposed by regulators in Australia and other countries? 2.Any research evidence supporting the effectiveness of the proposed solutions? 3.How do Big 4 dominance...
-
Combine the following simple sentences into one complex sentence, using either a subordinate conjunction or a relative pronoun. (There are several possible answers to each question.) For speed, you...
-
Malander Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During November, the kennel budgeted for 3,400 tenant-days, but...
-
1. Find the syntax error(s) based on the following code segment and highlight the error by putting comments, then amend the error. public class Array { public static void main(String[] args) { int...
-
In a large midwestern university, 30% of the students live in apartments. If 200 students are randomly selected, find the probability that the number of them living in apartments will be between 55...
-
What unique problems do managers of not-for-profit businesses face regarding capital structure decisions?
-
What is the impact of debt financing on owners risk?
-
Does the holding period matter when using the dividend valuation model?
-
In 2013, Verizon Communications Inc. owned 55 percent of Verizon Wireless, and the noncontrolling interest reported in Verizons financial statements is Vodafone Group Plcs 45 percent interest in...
-
Suzlon, a subsidiary of Patni, provides services to Patni. During 2016, Suzlon charged \($3,000,000\) for services provided to Patni. Cost of the services provided was \($2,100,000.\) How should the...
-
A parent makes an interest-bearing loan to its 90%-owned subsidiary in 2016, which is still outstanding in 2017. The eliminating entries (I) on the consolidation working paper for 2017, related to...
Study smarter with the SolutionInn App