Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Analyze Valley Hospital's admissions time variance Valley Hospital began using standards to evaluate its Admissions Department. The standard was broken into two types of admissions

Analyze Valley Hospital's admissions time variance
Valley Hospital began using standards to evaluate its Admissions Department. The standard was broken into two types of admissions as follows:
Standard Time to
Type of Complete
Admission
Admission Record
Unscheduled
30min.
Scheduled
20min.
The unscheduled admission took longer because name, address, and insurance information needed to be determined and ver at the time of admission. Information was collected on scheduled admissions prior to admitting the patient, thus requiring les in admissions.
The Admissions Department employs three full-time people for 40 hours per week at $21 per hour. For the most recent week department handled 136 unscheduled and 174 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? (Round to the nearest whole hour.) hours
c. Compute the direct labor time variance, and report how well the department performed for the week. In your computati round the standard direct labor rate to the frearest whole cent. Enter a favorable variance as a negative number using minus sign and anfavorable variance as a positive number.
Time variance $
d. Which of the following factors may cause a favorable direct labor time variance for the Admissions Department?
All of the above.
image text in transcribed

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

Step: 3

blur-text-image

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

Advanced Operations Management

Authors: David Loader

2nd Edition

0470026545, 978-0470026540

More Books

Students also viewed these Accounting questions

Question

How comparable are the groups in causal comparative studies?

Answered: 1 week ago