Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient clinics. Required:
For each of the following costs incurred at Northwest Hospital, indicate whether it would most likely be a direct cost or an indirect cost of the specified cost object by listing the number and a "D" for direct or an "I" for indirect. For example: 1D, 2D, etc.

a. The wages of pediatric nurses / The pediatric department
b. Prescription drugs / A particular patient
c. Heating the hospital / The pediatric patient
d. The salary of the head of pediatrics / The pediatric patient
e. The salary of the head of pediatrics / The particular pediatric patient
f. Hospital chaplain's salary / A particular patient
g. Lab tests by outside contractor / A particular patient
h. Lab tests by outside contractor / A particular department

Answers

Answer 1

Answer:

Answer:

Northwest Hospital

Explanation:

Direct costs are costs that are directly traceable to the production of goods and services and can be identified with a unit of production. While direct costs are usually variable, some direct costs can be fixed.

Indirect costs are costs that support the operation of the company. They cannot be traced to any unit of production. Similarly, some indirect costs are variable while others are fixed.

Related Questions

Supply and demand for a product are both a linear function of price. Suppose that if a price of $8 is charged, 8 units will be demanded; that if a price of $5 is charged, 20 units will be demanded; that if a price of $3 is charged, 38 units will be supplied; and that if a price of $1 is charged, 26 units will be supplied. For what price will supply equal demand?
Which of the following best describes why the aggregate demand curve is downward sloping? a. As the aggregate price level decreases, the stock of existing physical capital increases. b. As the aggregate price level increases, consumer expectations about the future change. c. An increase in the aggregate price level causes consumer and investment spending to fall because consumer purchasing power decreases and money demand increases. d. As a good\'s price increases, holding all else constant, the good\'s quantity demanded decreases.
What if, instead of making jet fighter experience a requirement to become an astronaut, NASA instead offered higher salaries to astronauts with jet fighter experience than to those who did not have jet fighter experience
The independent cases are listed below that includes all items relevant to operating activities: Case A Case B Case C Sales revenue $ 65,000 $ 55,000 $ 96,000 Cost of goods sold 35,000 26,000 65,000 Depreciation expense 10,000 2,000 26,000 Salaries and wages expense 5,000 13,000 8,000 Net income (loss) 15,000 14,000 (3,000) Accounts receivable increase (decrease) (1,000) 4,000 3,000 Inventory increase (decrease) 2,000 0 (3,000) Accounts payable increase (decrease) 0 2,500 (1,000) Salaries and wages payable increase (decrease) 1,500 (2,000) 1,000 Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Case C Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Net Cash Provided by Operating Activities $ 0 $ 0 $ 0
Which of the following is (are) example(s) of a mixed cost? I. A building that is used for both manufacturing and sales activities. II. An employee's compensation, which consists of a flat salary plus a commission. III. Depreciation that relates to five different machines. IV. Maintenance cost that must be split between sales and administrative offices. II only. I, II, III, and IV. I, III, and IV. I only. I and III.

A project with an initial cost of $51,400 is expected to generate annual cash flows of $16,910 for the next 5 years. What is the project's internal rate of return

Answers

Answer:

19.27%

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator

Cash flow in year 0 = $-51,400

Cash flow each year from year 1 to 5 = $16,910

IRR = 19.27%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31

Answers

Using the accrual method, the unearned revenue as of December 31 is $12,000.

What is Unearned revenue?

Unearned revenue can be defined as the amount a company received from their client for the service they are yet to rendered.

Since the company has received full balance for the services not yet provided. The unearned revenue as of December 31 will be $12,000 .

Reason been that the amount that the client paid the company is for a year-long contract, hence the $12,000 represent a prepayment amount for the service the company is yet to rendered to their client

Inconclusion using the accrual method, the unearned revenue as of December 31 is $12,000.

Learn more about unearned revenue here:brainly.com/question/5010039

The $12,000 payment is for a one-year contract, however, we will only record revenue from October 1 up to December 31 which are the months that already lapsed. The remaining nine months are still considered unearned revenue. Thus, the remaining unearned revenue is $9,000.

Unearned revenue is the amount received from a client for a service that has yet to be rendered. Since the company has received the full balance over the services not yet provided. As of December 31, the unearned revenue will be $12,000.

Because the client paid the company for a year-long contract, the $12,000 represents a prepayment for the service the company has yet to render to their client. Using the accrual method, the revenue that is not earned as of December 31 is $9000.

Learn more about revenue, here:

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Which of the following is least important as a consideration for a firm at the beginning of a supply chain? access to end consumers access to resources proximity to customers access to transportation infrastructure access to productive labor

Answers

Answer:

access to end consumers

Explanation:

Handling the supply chain relates to handling the day-to-day operations related to the product and services.

The goal is to turn the raw material into the finished products by going through the process work cycle so that the product is ready to be sold and shipped to the consumer with prescribed time and exact location.

In turn, it also focuses on achieving a competitive advantage and improving client satisfaction.

At the beginning of the supply chain, they less focus to the end consumers.

Derek has the opportunity to buy a money machine today. The money machine will pay Derek $43,245.00 exactly 5.00 years from today. Assuming that Derek believes the appropriate discount rate is 13.00%, how much is he willing to pay for this money machine?

Answers

Answer:

$23, 472

Explanation:

The question is to calculate how much Derek is willing to pay for the machine.

What the money Machine will pay in 5 years = $43, 245.00

The Discount rate= 13%

The number of years = 5 Years

Therefore, Present value of the machines:

PV= P x [1/(1+r)∧n]; P= Future benefit; r = rate and n = number of years

The calculation is as follows

PV= P x [1/(1+r)∧n

= $43,245 x 1/[(1+0.13)∧5]

=$43,245 x 1/1.84243

=$43,245 x 0.5428

=$23,472 (rounded)

Dartmouth Corporation has provided its contribution format income statement for June. The company produces and sells a single product. Sales (2,800 units) $ 263,200 Variable costs 106,400 Contribution margin 156,800 Fixed costs 135,000 Operating profit $ 21,800 If the company sells 3,000 units, its total contribution margin should be closest to: $23,357. $175,600. $156,800. $168,000.

Answers

Answer:

$168,000

Explanation:

Given

Dartmouth Corporation

Contribution format Income Statement

For the month of June.

Sales (2,800 units) $ 263,200

Variable costs 106,400

Contribution margin 156,800

Fixed costs 135,000

Operating profit $ 21,800

We calculated the sales revenue and the variable costs by dividing the total costs with the number of units and multiplying it with 3000 units to get contribution margin for 3000 units.

Calculated.

Dartmouth Corporation

Contribution format Income Statement

For the month of June.

Sales ( 3000 units) ($ 263,200 / 2800) * 3000= $ 282000

Variable costs (106,400 / 2800) * 3000= $ 114000

Contribution margin $ 168,000

Fixed costs 135,000

Operating profit $ 33,000

Tell me tree critical risk that organization are likely to face in determination of requirement

Answers

i do not what your talking about

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