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CCara Mia Hospital has two service departments and three operating departments. Selected information on the five departments for last year is as follows: Kilowatt Number of Hours Employees Service Departments: Power Generation ..... ---- 90 Laundry .................. 190,000 ---- Operating Departments: Emergency Room ..... 475,000 378 Maternity ................. 209,000 189 Intensive Care .......... 76,000 63 Annual operating costs in Power Generation is $250,000. In Laundry they are $60,000. Cara Mia allocates Power Generation cost first on the basis of kilowatt hours. Cara Mia then allocates Laundry cost on the basis of the number of employees. Use the information above to answer the following questions. Show your computations on the scratch paper provided (see last page of exam). Place your final answers in the spaces provided. Assume Cara Mia Hospital uses the direct method of cost allocation for its service departments. What is the total amount of service cost that would be allocated to the Emergency Room? Show and clearly label your calculations and final answer in the box below. Assume Cara Mia Hospital uses the step method of cost allocation for its service departments. What is the total amount of service cost that would be allocated to Maternity? Show and clearly label your calculations and final answer in the box below. Assume Cara Mia Hospital uses the reciprocal method of cost allocation for its service departments. What is the total amount of service cost that would be allocated to Intensive Care? Show and clearly label your calculations and final answer in the box below.
The company is subject to state unemployment taxes at the rate of 2% and federal unemployment taxes at the rate of 0.8%. By May 15, some employees had earned over $7,000, so only $9,000 of the $20,000 weekly gross pay was subject to unemployment t..
What is the effective borrowing cost on the loan if the lender charges 3 points at origination and the loan goes to maturity and what is the effective borrowing cost on the loan if the lender charges 3 points at origination and the loan is prepaid ..
Under the terms of his salary agreement, president Juan Rivera has an option of receiving either an immediate bonus of $40,000, or a deferred bonus of $75,000 payable in 10 years.
Prepare a schedule that discloses the individual costs making up the balance in the land account in respect of land site number 101 as of September 30, 2011.
A company has 20,000 shares of $12 par common stock outstanding. Present entries to record the following:
given actual amounts of a semivariable cost for various levels of output the method that will always give the most
Which of the following statements pertain to both variable costing and absorption costing?
Jerry, a general contractor by trade, is a tenant of Montgomery Apartments. In exchange for four months rent at $900 per month, Jerry provided the following items and services for Paul, the owner of the apartments: How should Paul treat this trans..
A. The buffalo wildcats, a minor league football team, received $3000 from a fan on June 1 for 2013 season tickets. The wildcats play 10 home games. on December, 2013, the end of the fiscal year, the wildcats had played 6 home games. make the origina..
For years the FASB had little interest in pursuing international harmonization projects. What prompted its seemingly new interest in 2002 to work with the IASB in such a cooperative manner?
Which of the following is not an advantage of international acquisitions over the establishment of a new subsidiary?
What is the impact of not balancing intercompany payables/receivables on a monthly basis? What is the impact on not eliminating intercompany payables/receivables during the consolidation? Is there an instance where either of these two practices wo..
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