B 800 H hospital His a private hospital carrying out two types of procedures on patients. Each type of procedure incurs the following direct costs: Procedure A $ $ Surgical time and materials 1,200 2,640 Anesthesia time and materials 1,620 H currently calculates the overhead cost per procedure by taking the total overhead cost and simply dividing it by the number of procedures, then rounding the cost to the nearest 2 decimal places. Recently, another local hospital has implemented activity-based costing (ABC). This has led the finance director at H to consider whether this alternative costing technique would bring any benefits to H. He has obtained an analysis of H's total overheads for the last year and some additional data, all of which is shown below: Cost Cost driver $ Administrative costs Administrative time per procedure 1,870,160 Nursing costs Length of patient stay 6,215,616 Catering costs Number of meals 966,976 General facility costs Length of patient stay 8,553,600 Total overhead costs 17,606,352 Procedure No. of procedures Administrative time per procedure (hours) Length of patient stay per procedure (hours) Average no. of meals required per patient 14,600 1 24 1 B 22,400 1.5 48 4 Calculate the full cost per procedure using current method of absorption costing. Procedure A Choose... Activate Windows Go to Settings to activate Windows. Procedure B Choose