How does the new staffing pattern productivity compare

Assignment Help Financial Accounting
Reference no: EM132960010

A nursing unit has 10 beds, but 2 beds are vacant because of insufficient numbers of nursing staff. The daily cost of providing nursing services to the 8 filled beds is $2000. The unit manager increases the number of staff, and this allows all 10 beds to be filled. As a result, the daily cost of providing nursing services to the 10 filled beds increases to $2400. Because of a change in staff mix when new nursing staff members are added, nursing hours per patient day (HPPD) increases from 4.0 to 4.5. Measures show no change in the quality of patient care.

Problem 1: How does the new staffing pattern productivity compare with productivity in the original staffing plan on a unit cost ($ per patient day) basis?

Reference no: EM132960010

Questions Cloud

What amount should Kang record as amortization : Kang estimated that the total useful life of the patent (from acquisition date) was 12 years. What amount should Kang record as amortization
How do estimate the value of each share : J Ltd are sustainable and are expected to grow perpetually at the current forecast long term nominal interest rate, estimate the value of each share.
Make with cash budget for the brokman company : Make with cash budget for the Brokman Company for the 2nd quarter of the year. Include April, May, June, and a quarter total in your budget.
What was campus bagels margin of safety : Campus Bagels' total fixed costs by $27,350 per year. For the most recent year (with just the bagel sales), what was Campus Bagels' Margin of Safety
How does the new staffing pattern productivity compare : How does the new staffing pattern productivity compare with productivity in the original staffing plan on a unit cost ($ per patient day) basis?
Find what is the unit cost per visit to start : What is the unit cost per visit to start? In an effort to reduce costs, a clinic changes the staff mix but keeps the number of staff unchanged.
What is the diluted earnings per share : On January 1, 2020, Burke Company issued 15-year, $1,500,000 face value, What is the diluted earnings per share
Calculate the payout ratio and return on common stockholders : Declared a 10% stock dividend to stockholders of record on July 15, Prepare the stockholders' equity section of the balance sheet at December 31.
Compute the cash payback period and net present value : The company's cost of capital is 8%. Compute the cash payback period and net present value of the proposed investment

Reviews

Write a Review

Financial Accounting Questions & Answers

  What would rasta fx equity exposure be

What would Rasta's FX equity exposure be if the company would issue/raise an additional (new) USD 30 million in EUR-denominated debt?

  What is the project irr and mirr of project

What is the project's IRR and MIRR? A project has a cost of $65,000 and it's expected cash inflows are $12,000 per year for 9 years

  Prepare general journal entries to record depreciation

Prepare necessary general journal entries to record the depreciation charge for the reporting period ended 30 June 2019 transactions

  Analyze the changes in roa and its components for hasbro

Analyze the changes in ROA and its components for Hasbro over the three-year period, suggesting reasons for the changes observed.

  Which financial institutions arrange most primary market

In the United States, which of these financial institutions arrange most primary market transactions for business? Direct transfer agents

  Prepare Splish journal entry to record profit or loss

Prepare Splish's journal entry to record profit or loss, if any, using (a) the percentage-of-completion method and (b) the completed-contract method

  What balance would be reported on february balance sheet

Assuming that the revenue is recognized evenly over the 4 month period, what balance would be reported on February 28 balance sheet for Unearned Service Revenue

  Compute the variable manufacturing overhead spending

Compute the variable manufacturing overhead spending and efficiency variances and compute the fixed manufacturing overhead budget and volume variances.

  Purpose a monthly cash budget and supporting schedules

Purpose a monthly cash budget and supporting schedules for March, April, and May.

  What should be the initial cost of new investment

April 15, 2020, what should be the initial cost of its new investment assuming the new investment is classified as available for sale?

  Solve the balance carried forward as at december

Solve the balance carried forward as at 31 December 2019. Alex Mukanta pays the rental expense on his market stall in advance.

  Businesses using the resources of a venture capitalist

Assess the challenges for businesses using the resources of a venture capitalist, given that significant returns on the investment are likely to be impacted by the firm. Indicate how a business can manage these expectations. Provide support for your ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd