W6HW

1.)

eBook ActivityBased Costing for a Hospital Deer Lodge Regional Hospital plans to use activity-based costing to assign hospital indirect costs to the care of patients. The hospital has identified the following activities and activity rates for the hospital indirect costs: Activity Activity Rate Room and meals $225 per day Radiology $300 per image Pharmacy $50 per physician order Chemistry lab $125 per test Operating room $3,000 per operating room hour The records of two representative patients were analyzed, using the activity rates. The activity information associated with the two patients is as follows: Patient Franklin Patient Kramer Number of days 1 days 4 days Number of images 2 images 5 images Number of physician orders 1 orders 8 orders Number of tests 2 tests 5 tests Number of operating room hours 0.6 hours 2.8 hours Determine the activity cost associated with each patient. Activity Cost Patient Franklin $E Patient Kramer $E Check My Work ( Previous Next ) Week 8: Homework (CH. 10) eBook For the Month Ended July 31, 20Y6 Revenues Cost of goods sold Gross profit 100 030 Selling expenses Administrative expenses Income from operations Feedback Check My Work b. Determine the inventory balances at the end of the first month of operations. Materials inventory Work-in-process inventory Finished goods inventory Feedback Check My Work The materials inventory, sometimes called raw materials inventory, consists of the costs of the direct and indirect materials that have not yet enter consists of direct materials costs, direct labor costs, and factory overhead costs that have entered the manufacturing process but are associated weBook Cost of Materials Issuances An incomplete subsidiary ledger of wire cable for July is as follows: a. Complete the materials issuances and balances for the wire cable subsidiary ledger. Assume a first-in, first-out cost flow. Received Issued Balance Receiving Materials Report Requisition Number Quantity Unit Price Number Quantity Amount Date Quantity Amount Unit Price July 1 250 $1,500 $ 6.00 309 400 $7.50 July 5 7401 480 to July 10 422 800 $8.00 July 20 00 7639 650 $ July 26 b. Determine the balance of wire cable at the end of July. LA c. Determine the total amount of materials transferred to Work in Process for July. d. All of the following statements about a materials ledger are true except: A materials ledner cannot accist management with information about materials on orderVertical Analysis for Income Statement For 20Y6, Fishing Experiences Inc. initiated a sales promotion campaign that included the expenditure of an additional $45,000 for advertising. At the end of the year, Colt Schultz, the president, is presented with the following condensed comparative income statement: FISHING EXPERIENCES INC. Comparative Income Statement For the Years Ended December 31, ZOYG and ZOYS 20Y6 20Y5 Sales $1,200,000 $1,000,000 Cost of goods sold (624,000) (558,000) Gross profit $ 576,000 $ 442,000