Question: I need help to solve C) and D) Coswell Clinics directors are budgeting for administrative staff for next year. They need to plan for enough

I need help to solve C) and D)

Coswell Clinics directors are budgeting for administrative staff for next year. They need to plan for enough capacity to handle patients in the clinics three practice areas: urgent care, general practice, and laboratory. The administrative staff can fluctuate between areas, but they are primarily assigned to one of these stations. There are 30 staff members total, 25 working full-time and five working 30 hours per week. Each staff member works 50 weeks each year.

		Minutes
Urgent care check-in		10
General practice check-in		5
Laboratory procedure processing		5

Required

A) Calculate the total theoretical capacity of the administrative staff, as well as its practical capacity for completing tasks. Then calculate the cost per hour and the cost per minute for their available time.

B) Calculate the administrative cost assigned to each of the key standard transactions listed above.

C) The clinic recognized that not all patient needs fit into the standard transaction times. If the patient was new to the clinic, it added 10 minutes to general practice check-in time; if the patient had a new address or different insurance than on the last visit, it added 5 minutes to the general practice check-in time. Last year, the following transaction quantities were completed: 80,000 urgent care check-ins, 120,000 general practice check-ins, and 35,000 lab procedures processed. Of the general practice check-ins, 8,000 were new patient check-ins, and 10,000 were patient check-ins with changed address or insurance. Calculate the total time needed and total assigned cost for this administrative work.

D) How much of the total cost was left unallocated based on these transactions? What information might the clinic directors glean from this analysis?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

(a) Prepare the following consolidated financial statements for Year 6: (i) Income statement (ii) Statement of financial position (b) Calculate goodwill impairment loss and profit attributable to...

Novak Clinic's directors are budgeting for administrative staff for next year. They need to plan for enough capacity to handle patients in the clinic's three practice areas: urgent care, general...

The clinic recognized that not all patient needs fit into the standard transaction times. If the patient was new to the clinic, it added 10 minutes to general practice check-in time; if the patient...

I do hope this is clear enough. Bonita Clinic's directors are budgeting for administrative staff for next year. They need to plan for enough capacity to handle patients in the clinic's three practice...

Wildhorse Clinic's directors are budgeting for administrative staff for next year. They need to plan for enough capacity to handle patients in the clinic's three practice areas: urgent care, general...

Bonita Clinic's directors are budgeting for administrative staff for next year. They need to plan for enough capacity to handle patients in the clinic's three practice areas: urgent care, general...

Concord Clinic's directors are budgeting for administrative staff for next year. They need to plan for enough capacity to handle patients in the clinic's three practice areas: urgent care, general...

(a) V Your answer is correct. Calculate the total theoretical capacity of the administrative staff, as well as its practical capacity for completing tasks. Theoretical Capacity Practical Capacity...

Coswell Clinics directors are budgeting for administrative staff for next year. They need to plan for enough capacity to handle patients in the clinics three practice areas: urgent care, general...

Concord Clinic's directors are budgeting for administrative staff for next year. They need to plan for enough capacity to handle patients in the clinic's three practice areas: urgent care, general...

Create a disaster recovery plan for one of the networks you recommended to Bakerloo Brothers in Problem 5.

Please help. Will upvote. Kevin buys a Treasury bearer bond in the primary market, so he is the first owner of this bond. The bond has semiannual payments, 3 0 years to maturity, a $ 5 0 , 0 0 0 par...

A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments. January February March Cash receipts $1,061,200 $1,182,400 $1,091,700 Cash...