Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. providence hospital generates monthly performance

Providence Hospital generates monthly performance reports for each of its departments. The hospital must maintain...

70.2K

Verified Solution

Question

Accounting

image

Providence Hospital generates monthly performance reports for each of its departments. The hospital must maintain an adequate staff of attending and on-call physicians at all times, so physician costs are not affected by the number of patient visits. But all other costs do vary with patient activity. Nurse-hours are used as the activity measure for nursing costs, and patient visits are used as the activity measure for the cost of supplies and other variable costs. The head physician of the hospital's emergency room, Yolanda Mortensen, is responsible for control of costs. During October, the emergency room unit expected to treat 3,700 patients but actually treated 3,600 patients. The following additional information for October is available: Budget Actual Variance Nurse-hours 2,220 2,232 -12 Nursing costs $53,280 $33,900 $19,380 Supplies & other variable costs $33,300 $28,800 $4,500 Fixed costs $99,600 $95,200 $4,400 Required Compute the flexible-budget variances for each of the cost categories for October (NOTE: enter favorable variances as positive numbers and unfavorable variances as negative numbers): Nursing costs Supplies and other variable costs Fixed costs

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Walsh Company manufactures and sells one product. The following information pertains to each of the company’s...

Programming
1.2K views

Explain advantages and disadvantages of using kafka streams VS elastic search.

Algebra
1.2K views

2 2 2 i12 2

Accounting
1.2K views

How to find "started and completed currently"?

Accounting
1.2K views

Calistoga Produce estimates bad debt expense at 0.60% of credit sales. The company reported accounts...

Accounting
1.2K views

Henrie's Drapery Service is investigating the purchase of a new machine for cleaning and blocking...

Accounting
1.2K views

a company that will buy production equipment that will have an initial cost of $55,000...

Accounting
1.2K views

A one-year, $19,200, 8% note is signed on April 1. If the note is repaid...

Accounting
1.2K views

In 2017, Elaine paid $2,320 of tuition and $1,300 for books for her dependent son...

Finance
1.2K views

1. Distinguish between the two rules of thumb that lenders use to assess housing affordability....

Accounting
1.2K views

CPA Question 05 Jones Co. had 50,000 shares of $5 par value common stock outstanding...

Accounting
1.2K views

15 Ford Company reports depreciation expense of $44000 for Year 2. Also equipment cost $153.000...