List in correct order for how to calculate case mix index

Assignment Help Managerial Accounting
Reference no: EM132951231

1. Divide the total weighted volume by the total volume to determine the case mix index.

2. identify the MS DRG relative weight and volume of cases.

3. Sum the volume of all MS DRG cases in the study group resulting in total volume.

4. Multiply the MS DRG relative weight by the volume total number of cases to determine the weighted volume

5. sum the weighted volume for all the MS DRG cases in the study group resulting in total weighted volume.

Problem 1: List these in the correct order for how to calculate Case Mix Index from step 1 to 5 please include reference used

Reference no: EM132951231

Questions Cloud

Find what amount of setup cost assigned to steel bars will : If a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to products, the amount of setup cost assigned to steel
Provide situation when knowledge of different cost concepts : There are different cost classifications in business such as direct and indirect cost, Provide situation when knowledge of these different cost concepts matter?
What portion of the contract price is recognized as income : At December 31, 2016, the balance of certain accounts were: Excess of CIP over billings - P 140,000 due from customer; What portion of the contract price
What is the average number of days accounts receivable : A company has sales of $3,680,000 per year. Its average net accounts receivable balance is $920,000. What is the average number of days accounts receivable
List in correct order for how to calculate case mix index : List in the correct order for how to calculate Case Mix Index. Divide the total weighted volume by the total volume to determine the case mix index.
Important long-term uncertainties : What do you believe are three important long-term uncertainties facing companies today, and why? Long-term means at least 10 years into the future.
Describe the project and outcome : Describe when you were expected to work as part of a team. What successes and challenges associated did you faced with in collaboration on the project?
Treatment of psychiatric disorders : How should informed consent be obtained and documented in behavioral health?
What will be BHPs operating profit from copper next year : What will be BHP's operating profit from copper next year if copper prices are as in (a), and the firm enters into supply contracts as in (b)

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Find cost of goods sold assuming fifo would be

Marvin sold 1,930 units of inventory during the month. Cost of goods sold assuming FIFO would be.Iventory records for Marvin Company revealed

  What is the purpose of corporate governance

Describe the role of shareholders/owners in a corporation? Further substantiate by giving anexample. what is the purpose of corporate governance?

  What is the incremental benefit to the company of sugar

Allocate joint costs using the relative sales values at the split-off point, and calculate the profit per 100 pound box of sugar-coated peels and the profit per pint of juice. Round to the nearest dollar.

  What is the number of full-time equivalent employees

Percy has 2,000 full-time employees and 800 part-time employees. What is the number of full-time equivalent employees

  Would the trial balance be out of balance

Would the trial balance be out of balance if the $2,650 entry had been journalized correctly but the credit to Cash had been posted as $2,560

  How to make cost of good manufacture statement

How to Make Cost of Good Manufacture Statement? The Black Pepper Corporation desires to classify the cost and provides you the figure of trial balance

  How many ads of each type should be used

How many ads of each type should be used? How many people will this reach?

  Solve the contribution margin per unit

Calculate the break-even point in units. Calculate the contribution margin per unit. describes a product expected to be produced and sold

  How cost unit could be defined as

How Cost unit could be defined as? Will be measured by volume, number and weight the relevant taxation authorities with information about taxable income

  Calculation of relevant net cash flows after tax

Calculation of relevant net cash flows after tax, justifying selection of cash flows. Be sure to state clearly any assumptions made (implicit and explicit).

  Compute the weighted-average cost of capital

Compute the weighted-average cost of capital. Market value of equity capital P120M. Before-tax operating income P35M. Cost of equity capital 12%

  What is the minimum number of units

What is the minimum number of units that Mr. Smith needs to sell per year (for one of his products Fresh Cream cakes) for him to make a profit?

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