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The Financial Management Service of VA Long Beach had $525,000 in direct costs during 2021 that must be allocated to VA's five revenue-producing patient service

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The Financial Management Service of VA Long Beach had $525,000 in direct costs during 2021 that must be allocated to VA's five revenue-producing patient service departments using the direct method. Hours of Finance services will be used as a cost driver for allocation. Five patient service departments are Medicine, Primary Care, Spinal Cord Injury, Geriatrics and Extended Care (GEC), and Pharmacy. These five departments used a total of 25,000 hours of finance services. The distribution of financial services hours by service department is as follows: Departments Medicine Primary Care Spinal Care Injury Geriatrics and Extended Care Pharmacy TOTAL Financial Services Hours 6,125 4,250 5.250 4,750 4.625 25,000 2. 5 18 a. What is the allocation rate (2 points)? b. What is the dollar allocation to each patient service department? (8 points) a. b. Departments: Medicine

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