thote 10.12 Help Save & Sub Check my work 1 Joe Fleming, hierdoor Valley View Hot concerned about the costs for tests in the hospital Charges for lab tests are consistently higher at Valley View that other hospitals and have resulted in many complaints Also because of strict regulations on amount imbued for best payments received from insurance companies and governmental units have not been high enough to cover la costs Mi Fleming has asked you to evwe costs in the hospital's tab for the past month. The following information is available Bool Two types of tests are performed in the lab-blood tests and smears. During the past month, 850 blood tests and 3 200 mets were performed in the lab. b. Smolas Dates are used in both types of tests. During the past month, the hospital purchased 16,000 plates at a cost of $36.480 2.200 of these plates were unused at the end of the month no plates were on hand at the beginning of the month During the past month 2.200 hours of labor time were recorded in the lab at a cost of $22,980 d. The lab's variable overhead cost last month totaled 517160 henni Valley View Hospital has never used standard costs By searching industry literature, however you have determined the following nationwide averages for hospitals Plates Three plates are required per lab test. These plates cost $240 ach and are disposed or after the test is completed Labor Each blood test should require 08 hours to complete, and each smear should require 0.40 hours to complete. The average cost of this a time is 511 40 per hout Overhead Overhead cost is based on direct labor hours. The average rate for variable overhead is 7.30 per hour Check my werk 1 Required: 1. Compute a materials price variance for the plates purchased last month and a materials quantity variance for the plates used last month 2. For labor cost in the tab a computea laborate variance and a labor efficiency variance b. In most hospitals one-half of the workers in the lab are senior technicians and one half are assistants in an effort to reduce costs Valley View Hospital employs only one fourth senior technicians and the fourths assistants. Would you recommend that the policy be continued 3. Compute the variable overhead rate and efficiency variances 3-6 Is there any relation between the variable overhead efficiency varance and the latior efficiency variance DO Complete this question by entering your answers in the tabs below. Rot 24 Res 20 Ree Red 30 Computea materias prie variance for the plates purchased last month and materials quality for those last month. Indicted of each variance byen for faventer for unlawwable and effect Input potitive values Materie neip BEN Check my 1 3. Is there any relation between the variable overhead efficiency variance and the labor efficiency variance Complete this question by entering your answers in the tabs below FA Reg 20 RJA Ro Compute material price variance for the plates purchased tast month and a materials quantity Vance for the plates used Instant note the effect of each variance by to for favorable Urruntavarable and for no effect amput all mount positive value Music and Many variants Req2A >
