O-natallGeneral CounselingFamily CounselingPsychiatry$983$546The lead janitor, who oversees janitorial services for all three divisions, has a monthly salary of $4,095. If the lead janitor's salary isallocated according to the number of square feet occupied, what portion of the salary will be allocated to the Psychiatry division?(Round to the nearest whole dollar, e.g.. $123.)$1,365Number of patient visits Square feet occupied1,3952,115990O $901154264132

Lets understand the basics.Service department cost needed to allocate to production department using…

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SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter13: Tax Credits And Payment Procedures

Section: Chapter Questions

Problem 14CE

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Problem 1c: Consider the following information for Rosebud Lane Hospital. The number of admissions for the year are expected to equal 1000, but could vary from 750 to 1250. Rosebud's fee-for-service is $2,000 under a prospective payment system. Under a capitation reimbursement system, Rosebud must cover 1000 patients at a capitation payment of $2,000. Rosebud's annual fixed costs are $500,000 and it variable cost per admission is $1,500. 1c. Calculate Rosebud's net profit under the Fee For Service Reimbursement method if admissions are 1250. (Answer to the nearest dollar. Do not include the dollar sign in your answer.) 1d. Calculate Rosebud's net profit under Capitation if admissions are 1250. (Answer to the nearest dollar. Do not include the dollar sign in your answer.)
7/26/2021 Content The hospital where you are employed is continuing with their analysis with the goal of opening a walk- in clinic. After conducting additional research, the financial projections for the first year of operations are as follows: • Revenues (from 10,000 visits): $400,000 Wages and benefits: $220,000 • Rent: $5,000 Depreciation: $30,000 Utilities: $2,500 • Medical supplies: $50,000 Administrative supplies: $10,000 Assume that all costs are fixed except supply costs, which are variable. Assume that the clinic will be required to pay taxes at a 30% tax rate. Respond to the following questions. Be sure to show your work for all calculations. 1. Prepare the clinic's projected Profit and Loss (P&L) Statement. (8 points) 2. What number of visits is required to break even? (3 points) 3. What number of visits is required to provide you with an after-tax profit of $100,000? (4 points)
Service Department Operating Department Information Administration Technology Prenatal Pediatric $ 54,736 $ 37,449 $ 383,270 $ 259,590 Departmental costs Employees 15 21 118 172 Personnel costs 15 21 102 109 Administration costs are allocated first on the basis of employees and Information Technology costs are allocated second on the basis of Personnel costs. The total Pediatric Department cost after allocations is closest to: Multiple Choice $31,117 $280,845 $304,995 $311,400
Current Attempt in Progress Flint's Medical operates three support departments and two operating units, Surgery and ER. The support departments are allocated based on the hours used. The cost of operating the accounting (acct), administration (admin), and human resources (HR) departments is $269300, $161200, and $66300, respectively. Information on the hours used are as follows: Hours in Acct Hours in Admin Hours in HR Acct $0. $204645. $190888. O $216942. 16 8 Admin HR 48 eTextbook and Media 20 8 Surgery 360 120 65 ER 220 80 What are the total costs allocated to the ER department from the supporting departments? (Do not round the intermediate calculations.) 130 Attemnte: 0 of Queed
Question 4: Construction company XYZ has estimated the labor expenses for a foreman to be the following Calculate annual cost of this worker for the company and its % of mark up. Annual Salary 120000 Bounce 8000 Allowances 500 Social security Social security limit Medicare 6.20% 128700 1.45% Futa 0.60% Limit 7,000 SUTA Rate 3% SUTA Limit 7,000 Worker's comp. Rate $/$100 4.25 General Liability Rate 1.02% 401K 7% Health Insurance $/per month 375
6.2 Refer to Problem 6.1. Assume that the three patient services departments are adult services, pediatric services, and other services. The patient services revenue and hours of housekeeping services for each department are as follows: Department Revenue Housekeeping Hours Adult Services $3,000,000 1,500 Pediatric Services 1,500,000 3,000 Other Services 500,000 Total $5,000,000 500 5,000 a. What is the dollar allocation to each patient services department if patient services revenue is used as the cost driver? b. What is the dollar allocation to each patient services department if hours of housekeeping support is used as the cost driver? c. What is the difference in the allocation to each department. between the two drivers? d. Which of the two drivers is better? Why?
View Policies Current Attempt in Progress Blossom's Medical operates three support departments and two operating units, Surgery and ER. The support departments are allocated based on the hours used. The cost of operating the accounting (acct), administration (admin), and human resources (HR) departments is $274500, $164700, and $66000, respectively. Information on the hours used are as follows: Acct Admin HR Surgery ER Hours in Acct 20 48 360 220 Hours in Admin 16 8 120 80 Hours in HR 8 4 65 130 What amount of costs would be allocated from the HR department to the other support departments (Acct and Admin) using the reciprocal method to allocate costs? (Do not round the intermediate calculations.) $5438. $0. $7203. $6894. eTextbook and Media
MC Qu. 5-47 Baxter customer service department follows... Baxter customer service department follows up on customer complaints by telephone inquiry. During a recent period, the department initiated 12,800 calls and incurred costs of $377,600. Of these calls, 3,970 were for the company's wholesale operation; the remainder was for the retail division. Costs allocated to the retail division are: Multiple Choice $0. $377,600. $117,115. $260,485. $270,045
Current Attempt in Progress Blue Spruce's Medical operates three support departments and two operating units, Surgery and ER. The support departments are allocated based on the hours used. The cost of operating the accounting (acct), administration (admin), and human resources (HR) departments is $267800, $150600, and $71600, respectively. Information on the hours used are as follows: Hours in Acct Hours in Admin Hours in HR Acct $0. $276955. $274542. $251890. 16 8 Admin 20 4 HR 48 8 Surgery ER 360 220 120 65 80 130 What are the total costs allocated to the surgery department from the supporting departments? (Do not round the intermediate calculations.)
K Pitt Accounting pays Peter Geller $97.290 per year Requirements 1. 2. What is the hourly cost to Pitt Accounting of employing Geller? Assume a 45-hour week and a 47-week year What direct labor cost would be assigned to Client 507 if Geller works 15 hours to prepare Client 507's financial statements? Requirement 1. What is the hourly cost to Pitt Accounting of employing Geller? Assume a 45-hour week and 47-week year Select the formula below that Pitt Accounting would use to calculate the hourly cost and complete the formula (Round the hourly cost to the nearest cent) Hourly cost Requirement 2. What direct labor cost would be assigned to Client 507 if Geller works 15 hours to prepare Client 507's financial statements? Select the fomula below that would be used to calculate the direct labor cost assigned to Client 507 and calculate that cost (Round the direct labor cost to the nearest cent). Direct labor cost
Assume the following information in the chart: Security Dept. Cafeteria Dept. 1,000 square feet 4,000 square feet 10 employees 6 employees $100,000 cost $200,000 cost Production B Dept. 3,000 square feet 50 employees $300,000 cost Using the reciprocal services method, what is the total security costs before being allocated over to the production departments? $125,000 $110,000 $120,000 O $100,000 Production A Dept. 3,000 square feet 40 employees $400,000 cost
A company uses charging rates to allocate service department costs to the using departments. The accountant compiled the following information on one of the service departments: If Department K plans to use 1,350 hours of the service departments service in the coming year, how much of the service departments cost is allocated to Department K? a. 3,375 b. 27,300 c. 26,325 d. 23,950

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