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The Financial Management Service of VA Long Beach had $525,000 in direct costs during 2021...

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Accounting

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The Financial Management Service of VA Long Beach had $525,000 in direct costs during 2021 that must be allocated to VA's five revenue-producing patient service departments using the direct method. Hours of Finance services will be used as a cost driver for allocation. Five patient service departments are Medicine, Primary Care, Spinal Cord Injury. Geriatrics and Extended Care (GEC), and Pharmacy. These five departments used a total of 25,000 hours of finance services. The distribution of financial services hours by service department is as follows: Departments Financial Services Hours Medicine 6,125 Primary Care 4.250 Spinal Care Injury 5,250 Geriatrics and Extended Care 4.750 Pharmacy. 4.625 TOTAL 25.000 a. What is the allocation rate (2 points)? b. What is the dollar allocation to each patient service department? (8 points) a. b. Departments: Medicine Primary Care Spinal Care Injury Geriatrics and Extended Care Pharmacy a. b. Departments: Medicine Primary Care Spinal Care Injury Geriatrics and Extended Care Pharmacy

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