Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Scenario Three Spring County Medical Group has decided to bring coding back in-house, ending contract services. The HIM manager has been asked to hire 7

Scenario Three Spring County Medical Group has decided to bring coding back in-house, ending contract services. The HIM manager has been asked to hire 7 FTEs. Full-time coders are budgeted to work 2080 hours per year and have fringe benefit costs of 28%. The average hourly rate of these seven coders ends up being $ 24.00 per hour. An additional sum of $ 5445 is allocated for overtime hours which are paid at the federal rate of "time and a half". What is the total salary cost for these seven coders? What is the total fringe benefits cost for these seven coders? What is the total cost (salary benefits) for these seven coders? At the average hourly rate, what is the maximum number of overtime hours that can be worked within this budget

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

Accounting

Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv

9th Edition

130898414, 9780132997379, 978-0130898418, 132997371, 978-0132569309

More Books

Students also viewed these Accounting questions

Question

Describe homeowners and renters insurance policies.

Answered: 1 week ago