Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

will upvote for fast correct answer the fixed costs of the Medical Services Department are based on the long-run average number of employees in each

will upvote for fast correct answer
image text in transcribed
image text in transcribed
the fixed costs of the Medical Services Department are based on the long-run average number of employees in each operating department Voriable Medical Services Department costs are budgeted at $60 per employee. Fixed Medical Services Department costs are budgeted at $668,200 per year. Actual Medical Services Department costs for the most recent year were $107,000 for variable cost and $674,000 for fixed costs. Data conceming employees in the three operating departments follow: 1. Determine the Medical Services Department charges for the year to each of the operating departments-Cutting, Milling, and Assembly. 2. How much, if any, of the actual Medical Services Department costs for the year should be treated as a spending variance and not charged to the operating departments? Complete this question by entering your answers in the tabs below. Determine the Medical Services Department charges for the year to each of the operating departments-Cutting, Milling, and the fixed costs of the Medical Services Department are based on the long-run average number of employees in each ope department. Variable Medical Services Department costs are budgeted at $60 per employee. Fixed Medical Services Department cost budgeted at $668,200 per year. Actual Medical Services Department costs for the most recent year were $107,000 for var and $674,000 for fived costs. Data concerning employees in the three operating departments follow: Required: 1. Determine the Medical Services Department charges for the year to each of the operating departments-Cutting. Milling Acsembly. 2. How much, if any, of the actual Medical Services Department costs for the year should be treated as a spending varianc charged to the operating departments? Complete this question by entering your answers in the tabs below. How much, if any, of the actual Medical Services Department costs for the year should be treated as a spending variance and not charged to the operating departments

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions