Reference no: EM13145037
The Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On November 1 of the current year, the annual operating room overhead is estimated to be:
The overhead costs will be assigned to procedures based on the number of surgical room hours. The Medical Center expects to use the operating room an average of eight hours per day, six days per week. In addition, the operating room will be shut down two weeks per year for general repairs.
a. Determine the predetermined operating room overhead rate for the year.
b. Gretchen Kelton had a 6-hour procedure on November 10. How much operating room overhead would be charged to her procedure, using the rate determined in part (a)?
c. During November, the operating room was used 192 hours. The actual overhead costs incurred for November were $38,500. Determine the overapplied factory overhead or underapplied factory overhead for the period. Enter your answer as a positive number.
|
Impact the corporate culture-customer expectations
: You are the CEO of Carpeteria, a successful carpet manufacturing company headquartered in Alabama. Carpeteria competes head-to-head with Interface, the Georgia carpet manufacturer that 5 years ago embraced corporate social responsibility and began a ..
|
|
Proper per unit inventory price for product
: Given the acquisition cost of product Z is $32.00, the net realizable value for product Z is $29.00, the normal profit for product Z is $2.50, and the market value (replacement cost) for product Z is $30.00, what is the proper per unit inventory p..
|
|
State the formula for the test statistic
: State the formula for the test statistic and show your decision rule using the 1 percent level of significance. (c) Carry out the test. Show your work. (d) What assumptions are required?
|
|
Describe hypertension including the factors
: Describe the pathophysiology and consequences associated with varicose veins and chronic venous insufficiency, venous and arterial thrombus formation, aneurysms, embolisms, Buerger's disease, Raynaud's disease, arteriosclerosis, and atherosclerosi..
|
|
Determine the predetermined operating room
: Determine the predetermined operating room overhead rate for the year. Gretchen Kelton had a 6-hour procedure on November 10. How much operating room overhead would be charged to her procedure, using the rate determined in part (a)?
|
|
What is the present value of the tax savings related
: What is the present value of the tax savings related to depreciation of the equipment?
|
|
How many grams of methane are needed
: one mole of methane has a mass of 16.0 grams. How many grams of methane are needed to make 1.0 L of a 0.20 molar solution?
|
|
What are two primary advantages of using nuclear power
: What are two primary advantages of using nuclear power? Uranium reserves on our planet are 5 million metric tons.
|
|
Find probability that employee will be under twenty five
: If an employee is selected for promotion, find the probability that the employee will be under 25 or a female. Express your answer as a fraction in lowest terms.
|