Health Care Budgeting ( Financial Management of Hospital and Health care organization by Michael Nowicki 4th edition

profilebbrget
Home>Homework Answsers>Business & Finance homework help

Assignments/Assessments:       

 Exercise

An OB/GYN Department is developing an RVU and product cost for the following procedures, given the projected volumes and sample direct costs. Projected total costs for the OB/GYN department are $12,000,000 ($7,000,000 in direct costs and $5,000,000 in indirect costs). 

Calculate the cost per procedure using Job-Order Costing.

  

 Projected

 Labor

 Supply

 Equipment

Procedure

 Volumes

 Expense ($)

 Expense ($)

 Use (min.)

 

 

 

 

 

Ultrasound

1,500

70

30

25

Hysteroscopy

3,000

40

20

25

HSG

4,000

25

15

15

SIS

5,400

20

5

10

 

For this problem, be sure to use the following steps:

1.   Calculate the RVU for each procedure.

2.   Calculate the total cost for each procedure.

Next, calculate the cost per procedure using Activity-Based Costing

1.   Calculate the direct RVU and the cost driver for each procedure.

2.   Calculate the total cost for each procedure

Writing Requirements 

-       Provide answers in Microsoft Excel

 

 

    • 12 years ago
    • 10
    Report issue
    Answer(2)
    profile
    Dr.nicmus
    4.5 (467)
    4.8 (24)
    Chat

    Purchase the answer to view it

    blurred-text
    • attachment
      microsoft_excel.xlsx
    profile
    Aabish Aabidah
    4.4 (465)
    4.8 (41)
    Chat

    Purchase the answer to view it

    blurred-text
    NOT RATED
    • attachment
      health_care_budgeting.xlsx