Question using the weighted procedure method of setting rates, calculate the relative value and cost per procedure for the following lab procedures,  given a total lab cost is $1.25 million and average hourly lab tech rateof $15(to calculate the RVU, divide the total sample expense by common Denominator of 0.25) Procedures     Projected volumes    Labor in minutes   supply expense Amylase                  4,000                           15                                 0.75 Bleeding time          5,000                          12                                 0.50 Uric Acid                  3,000                          10                                 0.50 Platelet count          7,800                            9                                 0.25 Hematocrit              7,600                            8                                  0.25   calculate charges necessary to realize a 10 percent gain at the lab using the job order costing

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 room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Disposable supplies $350,100 Depreciation expense 63,100 Utilities 36,700 Nurse salaries 525,800 Technician wages 172,300 Total operating room overhead $1,148,000 The overhead costs will be assigned to procedures based on the number of surgical room hours. Novello Medical Center expects to use the operating room an average of eight hours per day, seven days per week. 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…

The Hospital La Salud forthe following data on electricity costs and the number of patients per month of the last year for you to develop a cost function. Electricity costs $5,500 5,800 Patients 1,836 2,100 2,914 1,258 1,025 1,416 2,965 2,692 1,038 Months January Feb 6,200 4,325 4,025 4,445 6,500 5,890 3,900 3,700 3,990 4,998 Sea April May Jun Jul Aug Setp Oct 950 Nov 1,100 Dec 1,564 Requirements: 1. Using the High Low Method determine the FIXED COST AND VARIABLE COST 2. EXPRESS THE COST FUNCTION SUPPOSE FOR THE FIRST TRIMESTRE OF THE ANUS, YOU HAVE PROJECTED THE FOLLOWING NUMBERS OF PATIENTS: January 2,985/ Feb 3,250/ March 4,950 Present the total cost for each projected month. 3. 4. Present the above using the DATA ANALYSIS TOOL in EXEL

Inspection time 0.4 days Wait time (from order to start of production) 16.8 days Process time 2.8 days Move time 1.1 days Queue time 4.3 days   1. Compute the throughput time.  2. Compute the manufacturing cycle efficiency (MCE) for the quarter.  3. What percentage of the throughput time was spent in non–value-added activities? 4. Compute the delivery cycle time. 5. If by using Lean Production all queue time during production is eliminated, what will be the new MCE?

Deep South Glass Company is exploring different prediction models that can be used to forecast machine maintenance costs. One independent variable under consideration is machine hours. Following are matching observations on machine maintenance costs and machine hours for the past six months: Month Machine hours Machine Maintenance costs 1 300 $20,000 400 $24,000 3 240 $17,000 4 370 $22,000 5 200 $13,000 6 225 $14,000 In a high-low model, which months' observations would be used to compute the model's parameters? 4 and 5 1 and 6 2 and 6 O 2 and 5

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As production increases, the fixed cost per unit a. decreases b. remains the same c. increases d. either increases or decreases, depending on the variable costs   Standard costs are divided into which of the following components? a. price standard and quantity standard b. quality standard and quantity standard c. variance standard and quantity standard d. materials standard and labor standard   Which of the following activity bases would be the most appropriate for food costs of a hospital? a. how many MRI's are taken b. number of patients who stay in the hospital c. quantity of prescriptions filled d. number of nurses scheduled to work

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Please show work Cookie Business                 Actual Total Cost of Direct Materials  $          225,000     Standard Total Cost of Direct Materials  $          224,800     Actual Materials Used                         30     Standard Materials Used                         31             Actual Direct Labor Rate  $              15.50     Standard Labor Rate  $              15.00     Actual Hours Worked                               45     Standard Hours Worked                               40               Amount Favorable/ Unfavorable   Calculate Materials Variances:       Materials Price Variance  $                      ??? ???   Materials Quantity Variance                              ?? ???           Calculate Labor  Variances:       Labor Rate Variance  $             ?? ??   Labor Efficiency Variance  $                          ?? ???