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Full explaination with formulas The following cost and activity data were recorded for the Long Mountain Hospital for the last two months ended 30 June
Full explaination with formulas
The following cost and activity data were recorded for the Long Mountain Hospital for the last two months ended 30 June 2019. June 1700 Number of Inpatients Doctors' fees Consumables Materials Administrative salaries Depreciation Cost of utilities Cleaning April 1400 Rs 566,000 49,000 150,000 14,000 90,000 75,000 Rs 680,000 59,500 150,000 17,000 105,000 150,000 In view of the forthcoming budget preparation, the Principal Accountant posted at your parent Ministry has asked you to submit detail of your departmental costs for the financial year 2019/20. REQUIRED: (a) Classify each type of cost with a brief explanatory and where appropriate separate the fixed and variable elements of each cost. (8 marks)Step by Step Solution
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