Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the hospital uses a job-costing system for all pat

The Hospital uses a job-costing system for all patients who have surgery. In March, the...

50.1K

Verified Solution

Question

Accounting

image
The Hospital uses a job-costing system for all patients who have surgery. In March, the pre-operating room (PRE-OP) and operating room (OR) had budgeted allocation bases of 4,000 nursing hours and 2,000 nursing hours, respectively. The budgeted nursing overhead charges for each department for the month were $168,000 and $132,000, respectively. The hospital floor for surgery patients had budgeted overhead costs of $1,200,000 and 15,000 nursing hours for the month. For patient Adam Biel, actual hours incurred were 8 and 4 hours, respectively, in the PRE-OP and OR rooms. He was in the hospital for 4 days ( 96 hours). Other costs related to Adam were: PRE-OP Costs - Patient medicine: $200 - Direct nursing time: $550 OR Costs - Patient medicine: $440 - Direct nursing time: $2,000 In-room Costs - Patient medicine: $2,000 - Direct nursing time: $3,000 The hospital uses a budgeted overhead rate for applying overhead to patient stays. What is the total cost of the stay of patient Adam

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