Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the answer of the followings and how do you get the answers? Medical Center has collected data on all its activities for the
What is the answer of the followings and how do you get the answers?
Medical Center has collected data on all its activities for the past seven months. Data for the cardiac nursing care follow:
Cost Hours of Nursing Care
Sept. 2016 P 69,500 1,700
Oct. 64,250 1,550
Nov. 52,000 1,200
Dec. 66,000 1,600
Jan. 2017 83,000 1,800
Feb. 66,550 1,330
Mar. 79,500 1,700
Required:
- Using the high low method, calculate the variable rate per hour and the fixed cost for the nursing care activity.
- Upon looking into the events that happened at the end of 2016, you find that the cardiology ward bought a cardiac monitoring machine for he is nursing station. A decision was also made to add a new supervisory position for the evening shift. Monthly depreciation on the monitor and the salary of the new supervisor totals P10,000. Calculate the fixed cost and variable rate applicable to November 2016 and the fixed cost and variable rate applicable to March 2017?
- What is the expected cost for the month of April 2017 assuming that the center operates at 75,000 patient level?
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