Predetermined Factory Overhead Rate Novello Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating roo overhead. On January 1 of the current year the annual operating room overhead is estimated to be be: Disposable supplies $213.500 Depreciation expense 38.500 Utilities 22.400 Nurse salaries 220.600 Tachnician wages 105.000 Total operating room overhead $700.000 The overhead costs will be assigned to procedures based on the number of surgical room hours. Novelle Medical Center expects bto use the operating room an average of eight hours per day, seven days per veek. In addition, the operating room will be shut down two weeks per year for general repairs. a. Compute the estimated number of operating room hours for the year. hours b. Determine the predetermined operating room overhead rate for the year. per hour . Conrad Goldsmith had a 4-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate determined in part (b)? d. During January, the operating room was used 194 hours. The actual overhead costs incurred for January were $47400. Determine the overapplied operating overhead or underapplied operating overhead for the period.

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Single Plantwide factory Overhead Rate Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the following costs for the upcoming period: Factory depreciation Indirect labor $20,770 51,474 Factory electricity Indirect materials Selling expenses Administrative expenses Total costs 5,870 12,192 28,898 16,255 $135,459 Factory overhead is allocated to the three products on the basis of processing hours. The products had the following production budget and processing hours per case: Budgeted Volume Processing Hours (Cases) Per Case Tortilla chips 5,100 0.12 Potato chips 3,300 0.15 Pretzels 4,500 0.10 Total 12,900 If required, round all per-case answers to the nearest cent. a. Determine the single plantwide factory overhead rate. $ ✗ per processing hour b. Use the overhead rate in (a) to determine the amount of total and per-case overhead allocated to each of the three products under generally accepted accounting…

Direct Labor Standards for Nonmanufacturing Expenses Southwest Iowa Hospital began using standards to evaluate its Admissions Department. The standards were broken into two types of admissions as follows: Type of Admission Standard Time to CompleteAdmission Record Unscheduled admission 40 min.   Scheduled admission 30 min.   The unscheduled admission took longer, since name, address, and insurance information needed to be determined at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time consuming. The Admissions Department employs two full-time people (40 productive hours per week, with no overtime) at $15.00 per hour. For the most recent week, the department handled 66 unscheduled and 80 scheduled admissions. a.  How much was actually spent on labor for the week?$ fill in the blank 1 b.  What are the standard hours for the actual volume for the week?fill in the blank 2 hours c.  Compute a time variance. Enter…