Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Type of Admission Unscheduled Complete Admission Record Scheduled 40 min. 30 min. The unscheduled admission took longer because name, address, and insurance information needed to
Type of Admission Unscheduled Complete Admission Record Scheduled 40 min. 30 min. The unscheduled admission took longer because name, address, and insurance information needed to be determined and verified at the time of admission. Information was collected on scheduled admissions prior to admitting the patient, thus requiring less time in admissions. The Admissions Department employs two full-time people for 40 hours per week at $18 per hour. For the most recent week, the department handled 66 unscheduled and 84 scheduled admissions. a. How much was actually spent on labor for the week? 180 X b. What are the standard hours for the actual volume of work for the week? (Round to the nearest whole hour.) 129 X hours c. Compute the direct labor time variance, and report how well the department performed for the week. In your computation, round the standard direct labor rate to the nearest whole cent. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Time variance 135 X Favorable d. Which of the following factors may cause a favorable direct labor time variance for the Admissions Department
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started