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Looking for help on the last answer. Direct Labor Standards for Nonmanufacturing Expenses Southwest Iowa Hospital began using standards to evaluate its Admissions Department. The
Looking for help on the last answer.
Direct Labor Standards for Nonmanufacturing Expenses Southwest Iowa Hospital began using standards to evaluate its Admissions Department. The standards were broken into two types of admissions as follows: Standard Time to Complete Type of Admission Admission Record Unscheduled admission 30 min. Scheduled admission 10 min. The unscheduled admission took longer, since name, address, and insurance information needed to be determined at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time consuming. The Admissions Department employs two full-time people (40 productive hours per week, with no overtime) at $15.00 per hour. For the most recent week, the department handled 88 unscheduled and 252 scheduled admissions. a. How much was actually spent on labor for the week? $ 1,200 b. What are the standard hours for the actual volume for the week? 86 hours c. Compute a time variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. FavorableStep by Step Solution
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