procedure for the following lab procedures, given a total lab cost of $1.25 million and an average hourly lab tech rate of $15 (to calculate the RVU, divide the total sample expense by the com- Job-Order Costing Self-Quiz Problem Cost per Using the weighted procedure method of setting rates, calculate the relative value and mon denominator of .25): Projected Labor Supply Procedure Volume in Minutes Expense ($) Amylase 4,000 15 .75 Bleeding time 5,000 12 .50 Uric acid 3,000 10 .50 Platelet count 7,800 9. .25 Hematocrit 7,600 8. .25 RVU Rate-Setting Self-Quiz Problem Referring to the job-order costing and activity-based costing self-quiz problems on pages 186 and 191, respectively, calculate the charges necessary to realize a 10 percent gain at the lab using job-order costing and a 7 percent gain at the wellness clinic using activity- based costing.

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Question Content Area Given the following information, determine the activity rate for setups. Activity Total Activity-Base Usage Budgeted Activity Cost Setups 10,000                $180,000             Inspections 24,000                $120,000             Assembly (dlh) 80,000                $400,000

Cost Assignment and JIT Bunker Company produces two types of glucose monitors (basic and advanced). Both pass through two producing departments: Fabrication and Assembly. Bunker also has an Inspection Department that is responsible for testing monitors to ensure that they perform within prespecified tolerance ranges (a sampling procedure is used). Budgeted data for the three departments are as follows:   Inspection Fabrication Assembly Overhead $320,000 $480,000    $136,000   Number of tests — 20,000    60,000   Direct labor hours — 48,000    24,000     In the Fabrication Department, the basic model requires 1.1 hour(s) of direct labor and the advanced model requires 2.2 hour(s). In the Assembly Department, the basic model requires 1.3 hour(s) of direct labor and the advanced model requires 2.45 hours. There are 30,000 basic units produced and 16,000 advanced units. Immediately after preparing the budgeted data, a consultant suggests that two manufacturing cells be created:…

1. What are the fees for a Basic Exam, Advanced Exam, and a Basic Exam assuming the goal is to cover only variable and fixed direct costs? Assume that the audiology department is allocated $100,000 in total overhead by the clinic, and the department director has allocated $50,000 of this amount to the three services listed above. (To answer this question, assume that the allocation of overhead costs to each service is made on the basis ofnumberof visits.)   2. What are the fees for a Basic Exam, an Advanced Exam, and a Basic Exam assuming the overhead costs must be covered? 7.2 The audiology department at Randall Clinic offers many services to the clinic's patients. The three most common, along with cost and utilization data, are as follows: Copying and distribution of this PDF is prohibited without written permission. For permission, please contact Copyright Clearance Center at www.copyright.com Healthcare Finance Variable Cost Annual Direct Annual Number per Service Fixed Costs of…

please answer complete and correct with full working like explanation , formula , computation and steps need correct answer with all work thanks

Activity Supplies Patient services Building cost Budgeted Cost $ 2,865,000 Activity Cost Driver Usage 33,000 368,000 Surgical hours (SH) Number of patients Square feet 15,000 500 3,200 The two main surgical units and their actual activity usage follow. Actual Activity Usage Surgical Service Hours General surgery 3,600 Patients 400 Square Feet Orthopedic surgery 11,400 100 800 2,400 Required: 1. Compute activity rates using activity-based costing. 2. Allocate overhead cost to the general surgery and to the orthopedic surgery units. Compute overhead cost per patient for each surgery unit. 1. Compute activity rates using activity-based costing. Activity Supplies Patient services Building cost Budgeted Cost Budgeted Activity Usage Activity Rate

Simplifying the ABC System: Approximately Relevant ABC Systems Patterson Company produces wafers for integrated circuits. Data for the most recent year are provided: Activity Inserting and sorting process activities: Expected Consumption Ratios Driver Wafer A Wafer B 1 Developing test programs $ 50,000 Engineering hours 0.25 0.75 Making probe 2. 60,000 Development hours 0.10 0.90 cards Testing products 600,000 Test hours 0.60 0.40 Setting up 4. 135,000 Number of batches 0.55 0.45 batches Engineering Number of change 5. 90,000 0.15 0.85 design orders Handling wafer 6. 300,000 Number of moves 0.45 0.55 lots 7. Inserting dies 700,000 Number of dies 0.70 0.30 Procurement process activities: Purchasing Number of 8. 400,000 0.20 0.80 materials purchase orders Unloading 9. 60,000 materials Number of receiving orders 0.35 0.65 Inspecting 10. 75,000 Inspection hours 0.65 0.35 materials 11. Moving materials 500,000 Distance moved 0.50 0.50 12. Paying suppliers 30,000 Number of invoices 0.30 0.70…

2.​A hospital has the following cost and utilization information     Overhead cost: Maintenance costs: $250,000   Cost centers: Ward: $50,000; Coronary care Unit $100,000   Utilization: Ward treats 100 patients; Coronary care unit treats 50 patients     A. . What is the average cost of the Ward and Coronary care unit, ignoring overhead costs?             B.  If you were to allocate overhead costs to the Ward and the coronary care unit, what share would you allocate to each? Explain.             C.  If the Ward has 2,000 square feet of space and the coronary care unit at 10,000 square feet, calculate average costs for each unit including the appropriate allocation of overhead costs to each.

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