Using the weighted procedure method setting rates

Assignment Help Operation Management

Reference no: EM131153371

Using the weighted procedure method setting rates, calculate the relative value and cost per procedure for the following lab procedures. Assume total lab cost of $1,500,000 and average hourly wage of $16. Procedure Projected Volume Labor Minutes Supply Expense A 4000 15 75cents B 6000 13 50cents C 3000 11 50 cents D 5000 10 75cents E 4000 12 90 cents

Reference no: EM131153371

Questions Cloud

Differentiation between foreign branching-equity investment : Differentiation between foreign branching, equity investment and wholly owned subsidiaries. In addition, what are some risks firms face with a foreign subsidiary strategy.

Develop a profile of your personality characteristics : Write a two (2) page paper in which you: Develop a profile of your personality characteristics and assessment results. Summarize the results of the assessments

The science behind your chosen environmental issue : The Science Behind Your Chosen Environmental Issue: Introduce the science/biology behind your chosen environmental issue.

Calculate current and quick ratios based on balance sheet : Calculate the 2014 current and quick ratios based on the projected balance sheet and income statement data. What can you say about the company's liquidity position in 2013?

Using the weighted procedure method setting rates : Using the weighted procedure method setting rates, calculate the relative value and cost per procedure for the following lab procedures. Assume total lab cost of $1,500,000 and average hourly wage of $16. Procedure Projected Volume Labor Minutes Supp..

What is the critical path when there are two : What is the critical path when there are two or more paths through a network?

Created a negative impact on the company''s bottom line : Building on the topic above, determine how diversified the company you research could become before it created a negative impact on the company's bottom line. Explain your rationale

Principle of communication studies : Create a paper that, in some way, demonstrates your acquired knowledge of a core principle of communication studies - Issues within interpersonal communication.

Evaluate the business-level strategy of victory motorcycles : From the e-Activity and the case study, evaluate the business-level strategy of Victory Motorcycles to determine whether you believe the strategy is appropriate to offset forces in the industry. Provide specific examples to support your response

User Account

All Pages