Question
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 |
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
