Exercise 1-1 (Static) Identifying Direct and Indirect Costs [LO1-1) Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient clinics. Required: For each of the following costs incurred at Northwest Hospital, indicate whether it would most likely be a direct cost or an indirect cost of the specified cost object. Direct Cost/Indirect Cost Direct Cost Cost Cost Object Ex. Catered food served to patients A particular patient 1. The wages of pediatric nurses The pediatric department 2. Prescription drugs A particular patient 3. Heating the hospital The pediatric department 4. The salary of the head of pediatrics The pediatric department 5. The salary of the head of pediatrics A particular pediatric patient 6. Hospital chaplain's salary A particular patient 7 Labtests by outside contractor A particular patient 8 Lab tests by outside contractor A particular department Click of the correct items that describe finanancial accounting. Check All That Apply Users are external persons who make financial decisions. The rules are not bound by GAAP or IFRS. The emphasis is on timeliness. The emphasis is on precisions and accuracy