Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ADM 1 Admissions time variance Valley Hospital began using standards to evaluate its Admissions Department. The standard was broken into two types of admissions as

image text in transcribedimage text in transcribed

ADM 1 Admissions time variance Valley Hospital began using standards to evaluate its Admissions Department. The standard was broken into two types of admissions as follows: Type of Admission Standard Time to Complete Admission Record Unscheduled 30 min. Scheduled 15 min. The unscheduled admission took longer because name, address, and insurance information needed to be determined and verified at the time of admission. Information was collected on scheduled admissions prior to admitting the patient, thus requiring less time in admissions The Admissions Department employs four full-time people for 40 hours per week at $15 per hour. For the most recent week, the department handled 140 unscheduled and 340 scheduled admissions. A. How much was actually spent on labor for the week? B. What are the standard hours for the actual volume of work for the week? c. Compute the direct labor time variance, and report how well the department performed for the week. What are some factors that may cause an unfavorable direct labor time variance for D. the Admissions Department

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Information Security A Complete Guide

Authors: Gerardus Blokdyk

2020 Edition

1867303531, 978-1867303534

More Books

Students also viewed these Accounting questions

Question

=+There is a king in the hand or there is an ace or both.

Answered: 1 week ago

Question

6. Identify characteristics of whiteness.

Answered: 1 week ago

Question

9. Explain the relationship between identity and communication.

Answered: 1 week ago