Cost classifications of direct versus indirect

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Reference no: EM1389372

You're working on big project for the hospital's chief financial officer (CFO). You should develop a system to justify the full-time employees of laboratory department.

Decide how many hours during the week the department must be staffed to fully operate.

Calculate, using one of the FTE formulas to justify, how many full-time employees are necessary.

Provide details as to the services this department offers and the revenue it can generate for the hospital.

Provide a cost analysis of the day-to-day operation expenses of the department.

Analyze cost using the cost classifications of direct versus indirect and flexible/variable/semivariable

Can you provide me with some background information? How do I go about undertaking this project?

Reference no: EM1389372

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