Question
Use the excel spreadsheet and fill out the cells. How many units of labor should be used and how many hospital days produced? Why do
Use the excel spreadsheet and fill out the cells. How many units of labor should be used and how many hospital days produced? Why do you choose this output?
| Labor Units | Hospital Days | Avg Productivity | Marginal Productivity | Avg Variable Cost | Total Cost | Avg Total Cost | Marginal Cost | Total Rev | Marginal Rev | Profit |
| 1 | 4 | |||||||||
| 2 | 9 | |||||||||
| 3 | 15 | |||||||||
| 4 | 20 | |||||||||
| 5 | 24 | |||||||||
| 6 | 27 | |||||||||
| 7 | 29 | |||||||||
| 8 | 30 | |||||||||
| 9 | 30 | |||||||||
| Labor Cost $225 | ||||||||||
| Fixed Cost $1,000 | ||||||||||
| Revenue Per Hospital Day $150 |
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
