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Departmental Costing and Cost Allocation for Financial Management. Please help... I need help with 10-14. Thanks Use the following info for questions 17-w14 St. Vincent's
Departmental Costing and Cost Allocation for Financial Management.
Use the following info for questions 17-w14 St. Vincent's Hospital has three support departments and four patient service departments. The direct cost to each of the support departments are as follows: General Administration $8,000,000 Maintenance $5,000,000 Employee Benefits $6,000,000 Selected data for the three support and four patient service departments are shown below: # of Full-Time Patient Services Space Salary Department Equivelent Revenues (square feet) Dollars Employees Support General Administration Maintenance Employee Benefits Total 8,000 10,000 7,000 235 000 15 75 50 $ 2,500,000 $ 3,500,000 $3,000,000 Patient Services Routine Care Intensive Care Obstetrics Services Other Services Total Grand Total $ $ $ $ $ $ 40,000,000 7.000.000 4,000,000 12.000.000 63.000.000 63 000.000 500.000 45.000 35.000 200.000 730.000 505.000 800 $ 18,000,000 200 $ 6,000,000 150 $ 4,000,000 400 $ 8.000.000 1,550 $36.000.000 1.690 $ 45,000,000 #10). Use the information for St. Vincent's Hospital. Assume that the hospital uses the direc method for cost allocation. Furthermore, the costs driver for general administration is patient services revenue, the cost driver for maintenance is space utilization, and the cost driver for employee benefits is the number of full-time equivalent employees. What is the total of indirec costs allocated to Obstetrics Services? Hint: You have already calculated wo of the three allocation rates. Once you finish the remaining vare - then you can allocate the cost pools to the Patient Service departments. Create a table to allocate all the costs to all the areas. #11). Use the information for St. Vincent's Hospital. Assume the hospital uses salary dollars as the costs driver for general administration and employee benefits, and space utilization as the cost driver for maintenance. What is the allocation rate for Maintenance? Hinc: Caution - wo of the underlying assumprions have chenged. You will need to recalculate - this problem. Make sure you read everything carefully. #12). Use the information for St. Vincent's Hospital. Assume the hospital uses salary dollars as the costs driver for general administration and employee benefits, and space utilization as the cost driver for maintenance. That is the allocanon rara for Enploved Benefit #13). Use the information for St. Vincent's Hospital. Assume the hospital uses salary dollars as the costs driver for general administration and employee benefits, and space utilization as the cost driver for maintenance. What is the total of indirect costs allocated to Routine Care? Hint You have already calculated all of the allocation rates. Once you finish the remaining then you can allocate che cost pools to the Patient Service departmEPLES. Create a table- to allocate all de costs to all the areas. TECB #14). Use the information for St. Vincent's Hospital. Assume the hospital uses salary dollars as the costs driver for general administration and employee benefits, and space utilization as the cost driver for maintenance. What is the total of indirect costs allocated to Other Services? Hinc: You have already calculated all of the allocation rates. Once you finish the remaining rare - then you can allocate the cost pools to the Parient Service departments. Creare a table to allocare all de costs to all de areas Please help... I need help with 10-14. Thanks
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