Product Costifg and Decieidn Analysis far a Service Coenpany Pleasant stay Medical Inc. wishes to determine its product costs, Preasant Stay ofers a variefy of medical gmoedurea (operationa) that aen cint idered its "produca." The cwertied has been separaded into three mayor activities. The annual estinated activesy cnsts and activily bases fellow: patient days for the year, (The ayerage fatient in expected to have a a litile more than a four-day stay in the bospetacy During a portion of the year. Pieasane sibay collected pwtient information for three ieincted pruchduref, as folows. Total "patient days" are determined by multiglying the number of patients by the average length of stay in the hospitai. A weighted care unit (weu) is a meatius is nuraing effart used to care for patients. There were 192,000 weighted care uniti estmated for the year. In adgeton, pleasant 5 tay rabombted 6,000 obtients and 27,000 patient days for the yeac. (the average patient is expected to have a a iltse more than a four-day stay in the hospital.) During a partion of the yeat, Dieasant Stay collected pabent information for throe seiected procedures, as folowsi Private insurance reimburset the nospital for the ie activities at a fwed dadly rate of \$406 per patient day for as itiree precretures. Required: 1. Determine the activity rates. 2. Determine the activity cost for each procedure. 3. Determine the excess or deficiency of reimbursements to activity cost. 4. Based on the determination of the excess or deficiency of reimbursement to activity cost, inalicate which piecedure coat is too hijgh. 4. Hased on the determination of the excess or deficiency of reimbursement to activity cost, indicate which procedure cost is foo high. Hospital inanagement has ifededed to further investigate the nurung effor. befermine the weighteo care unats per potient obys for aach nrecedure fleumd fo oes decimal place. Procedure A weighted care units per patient dav Procedure B weighted care anits per patient day Piocedure 6 weighted care units per patient day. fatanes - Cres vi neat 1. Calculate ttal casts for ichedulag and samitting, Poursekerping arsd nursing. approprlate acivery rate