Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello i have a quiz that is 5 questions long. The course is ACC-202-R4548 Managerial Accounting. Question 1: Predetermined Factory Overhead Rate Poehling Medical Center

Hello i have a quiz that is 5 questions long. The course is

ACC-202-R4548 Managerial Accounting.

Question 1:

Predetermined Factory Overhead Rate

Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be:

Disposable supplies $170,800 Depreciation expense 30,800 Utilities 17,900 Nurse salaries 256,500 Technician wages 84,000 Total operating room overhead $560,000

The overhead costs will be assigned to procedures, based on the number of surgical room hours. Poehling Medical Center expects to use the operating room an average of eight hours per day, seven days per week. In addition, the operating room will be shut down two weeks per year for general repairs.

a.Determine the predetermined operating room overhead rate for the year.

$ per hour

b.Bill Harris had a 8-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate determined in part (a)?

$

c.During January, the operating room was used 194 hours. The actual overhead costs incurred for January were $37,900. Determine the overapplied operating overhead or underapplied operating overhead for the period. Enter your answer as a positive number.

$ overapplied? or underapplied?

Question#2

Equivalent Units of Production

The Converting Department of Hopkinsville Company had 960 units in work in process at the beginning of the period, which were 60% complete. During the period, 20,000 units were completed and transferred to the Packing Department. There were 1,080 units in process at the end of the period, which were 25% complete. Direct materials are placed into the process at the beginning of production.

Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0".

Hopkinsville CompanyNumber of Equivalent Units of Production

Whole UnitsDirect Materials Equivalent Units Conversion Equivalent Units

Inventory in process, beginning amt ? Started and completed amt ? Transferred to Packing Departmen ?? tInventory in process amt ?? endingTotal?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cornerstones of Managerial Accounting

Authors: Maryanne Mowen, Don Hanson, Dan Heitger, David McConomy, Bradley Witt, Jeffrey Pittman

3rd Canadian edition

176530886, 176721231, 978-0176721237

More Books

Students also viewed these Accounting questions