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Exercise 9.1 #5: University Hospital employs ten full-time coding professionals. Use the information in the table that follows to determine the individual salary per year,

Exercise 9.1 #5: University Hospital employs ten full-time coding professionals. Use the information in the table that follows to determine the individual salary per year, the unit cost of coding for each employee, and the total unit cost for the coding department. Use 7.5 hours per day as a productive workday. Use an Excel spreadsheet to calculate the unit cost for each coding professional. Round unit cost to whole cents.

Coding Professional

Salary

Records Coded per Hour

Salary per Year

Unit Cost

A

$15.00

4

$31,200

B

$15.45

5

$32,136

C

$15.10

4

$31,408

D

$16.79

6

$34,923

E

$18.22

6

$37,898

F

$22.65

6

$47,112

G

$16.03

6

$33,342

H

$16.85

6

$35,048

I

$21.76

8

$45,261

J

$17.34

6

$36,067

Total

$364,395

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