Marc Goudredu, edministrator of Ciearater Hospital, wac purked by the pricr manth's reports: "Every ments at's anyone's guess whether the iab wit sthow a prott or a loss. Perhaps the onty answer is to increase our lab fees egain." 'We can'z' replied Rhoda Geoves, the contrellec. 'There are ste a iot of complaints about the isst ncrease, particulady fiore the insurance companies and government hooth units. Theyle now poying galy about 81% of what we bilt fer beginesing to think the prebiem is an the cost slde." To determine if the Clearwater inb costs are in ine with those of cher hospide labs, Gbudreau has asked you to eyaluote the costs for the past month, Groves has provided you with the follawing informotions 3. Two basic trpes of tests are performed hn the lab-ime ars and bload tests, During the post month, 2,400 smears and 900 blood lests were performed in the 19 b. b. Smell glass ptates are used in bots types of tests: Duting the past month, the hosplai purchased t 3.090 nivtes at a cost of $36.666. Tha cost is net of is 3he patchase discount. A total of 1,800 of these plates were inased at ene end of the montis no plates were on hand at the beginning of the merth c. During the pstt itonth, 1500 hours of isbour time were vied in performing smears and blood teits. The cost of this labour time was 5stg3000 d. The iabs varisble oveiheod cost iost imonth tototed $5.000 e. Find ovehead cont iast month totalled 514,000 natonalde averages for hospital iobs hast pee nenik. Aeguired 1. Compune the materialsprice voriance for the pianes putchesec ias monen and corpule a mateulas quavily veiance for the plates (1.e. dero veriancel) 2-a. Compute a Labour rate variance and a labour efficiency variance for the lab. (Indicate the effect of each variance by selecting TF: for favorable. "U" for unfavorable, and "None" for no effect (i.e., zero varlance). Do not round intermediate calculation and round your final answers to 1 decimal place.) 2.b. This part of the question is not part of your Connect assignment. 3-a. Compute the variable averheed spending and efficiency variances. findicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (li.e., rero variance)) 3-b. This part of the question is not part of your Connect assignment. 4. Compute the fixed overhead budget and volume variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Marc Goudredu, edministrator of Ciearater Hospital, wac purked by the pricr manth's reports: "Every ments at's anyone's guess whether the iab wit sthow a prott or a loss. Perhaps the onty answer is to increase our lab fees egain." 'We can'z' replied Rhoda Geoves, the contrellec. 'There are ste a iot of complaints about the isst ncrease, particulady fiore the insurance companies and government hooth units. Theyle now poying galy about 81% of what we bilt fer beginesing to think the prebiem is an the cost slde." To determine if the Clearwater inb costs are in ine with those of cher hospide labs, Gbudreau has asked you to eyaluote the costs for the past month, Groves has provided you with the follawing informotions 3. Two basic trpes of tests are performed hn the lab-ime ars and bload tests, During the post month, 2,400 smears and 900 blood lests were performed in the 19 b. b. Smell glass ptates are used in bots types of tests: Duting the past month, the hosplai purchased t 3.090 nivtes at a cost of $36.666. Tha cost is net of is 3he patchase discount. A total of 1,800 of these plates were inased at ene end of the montis no plates were on hand at the beginning of the merth c. During the pstt itonth, 1500 hours of isbour time were vied in performing smears and blood teits. The cost of this labour time was 5stg3000 d. The iabs varisble oveiheod cost iost imonth tototed $5.000 e. Find ovehead cont iast month totalled 514,000 natonalde averages for hospital iobs hast pee nenik. Aeguired 1. Compune the materialsprice voriance for the pianes putchesec ias monen and corpule a mateulas quavily veiance for the plates (1.e. dero veriancel) 2-a. Compute a Labour rate variance and a labour efficiency variance for the lab. (Indicate the effect of each variance by selecting TF: for favorable. "U" for unfavorable, and "None" for no effect (i.e., zero varlance). Do not round intermediate calculation and round your final answers to 1 decimal place.) 2.b. This part of the question is not part of your Connect assignment. 3-a. Compute the variable averheed spending and efficiency variances. findicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (li.e., rero variance)) 3-b. This part of the question is not part of your Connect assignment. 4. Compute the fixed overhead budget and volume variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)
