Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rocky Mountain General Hospital serves three counties in Colorado. The hospital is a nonprofit organization that is supported by patient billings, county and state funds,

image text in transcribedimage text in transcribed

image text in transcribedimage text in transcribedimage text in transcribed
Rocky Mountain General Hospital serves three counties in Colorado. The hospital is a nonprofit organization that is supported by patient billings, county and state funds, and private donations. The hospital's organization is shown in the following chart. Rocky Mountain General Hospital General Surgical Medical Administrative Medicine Division Support Division Division Division Nursing Radiology Nutrition Housekeeping Maintenance Department and Department Department Department Laboratory Department Registered Patient Kitchen Dietitians' Food Section Service Patient Cafeteria Food Service The following cost information has been compiled for August.Cafeteria: Food servers' Paper products Utilities Maintenance Custodial Supplies wages Patient Food Service Registered Dietitians' Section Kitchen Nursing Dept. Radiolognyaboratory Dept. Housekeeping Dept. Maintenance Dept. General Medicine Division Surgical Division Administrative Division Required: 1. Prepare a set of cost performance reports. 3. As the Hospital Administrator, which variances in the performance reports would you investigate? Budget $ August 9,339 4,939 1,339 439 1,139 1,239 12,339 1,939 31,339 29,339 19,339 19,339 13,339 219,339 149,339 99,339 The following cost information has been compiled for August $ YTD 94,993 39,993 9,993 3,293 9,993 3,993 139,993 99,993 249,993 999,993 144,993 99,993 134,993 1,999,993 1,129,993 439,993 August 9 3,999 4,499 1,999 199 1,199 399 19,999 2,999 23,499 19,999 19,199 11,999 9,999 294,999 141,999 93,999 Actu al VTD 9 22,339 39,239 9,139 1,139 9,939 3,939 131,339 99,339 249,339 999,339 144,339 99,339 21,339 1,929,339 1,119,939 499,339 Prepare a set of cost performance reports. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance.)) Flexible Budget Actual Results Variance August Year to Date August Year to Date August Year to Date Rocky Mountain General Hospital General Medicine Division Surgical Division Medical Support Division Administrative Division Total cost $ o $ o $ o $ Medical Support Division Nursing Department Radiology and Laboratory Department Nutrition Department Housekeeping Department Maintenance Department Total cost $ o $ o $ o $ Nutrition Department Registered Dietitians' Section Food Service Section Kitchen Total cost $ o $ o $ o $ o Food Service Section Patient Food Service Cafeteria Total cost $ 0 $ 0 $ o $ 0 Cafeteria Food servers' wages Paper products Utilities Maintenance Custodial Supplies Total cost $ o $ o $ o $ 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cornerstones of Managerial Accounting

Authors: Maryanne Mowen, Don Hanson, Dan Heitger, David McConomy, Bradley Witt, Jeffrey Pittman

3rd Canadian edition

176530886, 176721231, 978-0176721237

More Books

Students also viewed these Accounting questions

Question

7. How can an interpreter influence the utterer (sender)?

Answered: 1 week ago