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Any cost that a health care manager can authorize or directly influence is a controllable cost. Examples of non-controllable costs for the business include: taxes, interest, costs mandated in the fulfillment of contracts, costs of having the buildings ADA accessible, costs associated with complying with all minimum standards for habitation and use of buildings, costs associated with purchasing and maintaining every piece of equipment required for contracts, and costs associated with complying with mandated safety levels. Virtually every other expense the health care manager can influence the amount of the expense by controlling the level of the activity.
Which costing system would be more efficient when direct materials and direct labor costs are high, and overhead costs are low and why?
Which costing system would be more efficient when direct labor costs and direct materials are low, and overhead is high and why?
Explain how the supply chain and the macroeconomic environment of the health care business fit in with your calculations?
Recognize which costing system - job order or process cost - the following companies would use:
For August, Busters Consulting and Mediation Practice(BCMP) worked 900 hours for Quebec company and 2,100 hours for Ontario Corporation. BCMP bills clients at rate of $300 per hour
Mistry Company manufactures a line of electric garden tools that are sold in general hardware stores.
The Coastal Landscaping and Snow Removal company employs normal costing to assign overhead costs to firm's various jobs. Labor is charged to jobs at $25 per hour and for upcoming winter session, overhead is estimated at $200,000 for $10,000 hours ..
Prepare Company financial statements
When using a normal costing system, manufacturing overhead is applied using the ______________ manufacturing overhead rate and the _______________ quantity of allocation base.
Which of the following characteristics applies to process costing but not to job costing?
Multiple regression analysis analyzing total overhead cost along with both units sold and machine hours used
Ridge company is in the process of determining its reportable segments for the year ended December 31 2012. As the person responsible for determining this information, you gather the following information.
Recognize types of responsibility centers as a cost center, a profit center, a revenue center or an investment center.
Prepare general journal entries in general journal form
Hampstead company's order entry department has 20 order entry operators. The cost associated with these 20 operators (salaries, fringe benefits, and supervision, as well as occupancy and equipment costs) is $873,600 per year.
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