Print Item ABC, Resource Drivers, Service Industry Glencoe Medical Clinic operates a cardiology care unit and a matermity care unit. Colby Hepworth, the dinic's administrator, is investigating the charges assigned to cardiology patients. Currently, all cardiology patients are charged the same rate per patient broadly defined as occupancy, feeding, and nursing care. A recent study, however, on daily care services vary with the severity of the case being treated. Second, the occupancy activity is a combination of tw monitoring equipment. Since some patients require difference in demands resulting from differences in patient type. Separating the occupancy activity into two determination of the cost of each activity. Determining the costs of the monitoring costs, however, are shared by two activities: lodging cardiology patients and lodging maternity care patients. The total lodging costs for the two activities were $5,918,000 per year and consisted of such items as building depreciation, building maintenance, and building utilities. The cardiology floor and the maternity floor each occupy 18,800 square feet. Hepworth determined that lodging costs would be assigned to each unit based on square feet. day for daily care services, Daily care services are A recent study, however, revealed several interesting outcomes. First, the demands patients place o activities: lodging and use of more monitoring than others, these activities should be separated. Third, the daily rate should reflect the separate activities also required the activity was fairly easy because its costs were directly traceable. Lodai To compute a daily rate that reflected the difference in demands, patients were placed in three categories according to liness severity, and the following annual data were collected: Activity Cost of Activity Activity Driver Quantity 21,490 30,820 21.490 230,300 601,720 Patient days Lodging Monitoring Feeding 2,064,940 Monitoring hours used 451,290an days ,606,000 Nursing hours 7,723,950 Nursing care Total Previous Next Check My Work 3 more Check My Work uses remaining iln/takeAssignment/takeAssignmentMain.do?invoker-assignments&itakeAssignmentSessionlocator assignment-take&inprogress-falseA The demands associated with patient severity are also provided: Severity Patient Days Monitoring Hours Nursing Hours High Medium 7,200 10,440 3,850 15,180 12,360 3,280 137,600 77,800 14,900 Low Required 1. Suppose that the costs of daily care are assigned using only patient days as the activity driver (which is also the measure of output). Compute the daily rate using this unit-based approach of cost assignment. If required, round your answer to the nearest cent. per day 2. Compute activity rates using the given activity drivers (combine activities with the same driver). If required, round your answers to the nearest cent. Rate 1 Rate 2 Rate 3 3. Compute the charge per patient day for each patient type using the activity rates from Requirement 2 and the demands on each activity. Round your interim calculations and final answers to the nearest cent. High severity per patient day per monitoring hour per hour of nursing care per patient day Medium severity per patient day Previous Next Check My Work 3 more Check My Work uses remainng Email Instructor Save and Exit Submit Assignment for Grad 208 AM iln/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessonlocator assignment-take&inprogress-faseA High 7,200 10,440 3,850 15,180 12,360 3,280 137,600 77,800 14,900 Medium Low Required 1. Suppose that the costs of daily care are assigned using only patient days as the activity driver (which is also the measure of output). Compute the daily rate using this unit-based approach of cost assignment. If required, round your answer to the nearest cent. per day 2. Compute activity rates using the given activity drivers (combine activities with the same driver). If required, round your answers to the nearest cent. Rate 1 per patient day per monitoring hour per hour of nursing care Rate 2 Rate 3 3. Compute the charge per patient day for each patient type using the activity rates from Requirement 2 and the demands on each activity. Round your interim calculations and final answers to the nearest cent High severity Medium severity Low severity per patient day per patient day per patient day Previous Next Check My Work 3 more Check My Work uses remaining Email Instructor Save and Exit Submit 2:08 AM