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cscscs Answer Requirement 1.C t Calculate the budgeted costs for the Urgent Care department in this step, and then the budgeted costs for the LMing
cscscs
Answer Requirement 1.C t
Calculate the budgeted costs for the Urgent Care department in this step, and then the budgeted costs for the LMing Well department in the following step. (Complete all Input fields. Enter a "0" for any zero balances. Round the cost per patient visit amounts to the nearest cent, X.XX.) Urgent Care Living Well Professional salaries: S Physicians 600,000 $ 100,000 200,000 D X-ray technicians Nurses 420,000 300,000 0 50,000 Nutritionists Total salaries S 1,120,000 $ 550,000 Medical supplies 262,500 337,500 Rent and dinic maintenance 67,500 112,500 Laboratory services 180,000 36,000 236,250 303,750 General overhead $ 1,866,250 $ Total cost 1,339,750 22,500 59.54 Number of patient visits 17,500 108.84 $ S Cast per patient visit Requirement 1. c. What benefits can Phoenix Medical Associates obtain by implementing the ABC system? (Select all that apply.) A The ABC system will assist Alvarez in selling prices for the programs that more accurately reflect the costs of each program. B. The ABC system will help Alvarez determine which programs are the most castly to operate. This will be useful in making long-run decisions as to which programs to offer or emphasize. C. The ABC system chooses cost drivers for overhead costs that have a cause-and-effect relationship between the cost drivers and the costs. D. Designing, planning, and implementing an ABC system is often less time consuming, complex, and costly that designing, planning, and implementing a simple costing system. E. The ABC system more accurately allocates costs because it identifies better cost drivers. F. By implementing the ABC system, Alvarez can gain a more detailed understanding of costs and cost drivers. The system can yield insight into the efficiencies with which various activities are performed. Calculate the budgeted costs for the Urgent Care department in this step, and then the budgeted costs for the LMing Well department in the following step. (Complete all Input fields. Enter a "0" for any zero balances. Round the cost per patient visit amounts to the nearest cent, X.XX.) Urgent Care Living Well Professional salaries: S Physicians 600,000 $ 100,000 200,000 D X-ray technicians Nurses 420,000 300,000 0 50,000 Nutritionists Total salaries S 1,120,000 $ 550,000 Medical supplies 262,500 337,500 Rent and dinic maintenance 67,500 112,500 Laboratory services 180,000 36,000 236,250 303,750 General overhead $ 1,866,250 $ Total cost 1,339,750 22,500 59.54 Number of patient visits 17,500 108.84 $ S Cast per patient visit Requirement 1. c. What benefits can Phoenix Medical Associates obtain by implementing the ABC system? (Select all that apply.) A The ABC system will assist Alvarez in selling prices for the programs that more accurately reflect the costs of each program. B. The ABC system will help Alvarez determine which programs are the most castly to operate. This will be useful in making long-run decisions as to which programs to offer or emphasize. C. The ABC system chooses cost drivers for overhead costs that have a cause-and-effect relationship between the cost drivers and the costs. D. Designing, planning, and implementing an ABC system is often less time consuming, complex, and costly that designing, planning, and implementing a simple costing system. E. The ABC system more accurately allocates costs because it identifies better cost drivers. F. By implementing the ABC system, Alvarez can gain a more detailed understanding of costs and cost drivers. The system can yield insight into the efficiencies with which various activities are performedStep by Step Solution
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