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Linda_us
Linda_us, Finance, Accounts & Homework Tutor
Category: Homework
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Experience:  Post Graduate Diploma in Management (MBA)
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I would like to purchase this answer from you. How do I purchase

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I would like to purchase this answer from you. How do I purchase an already posted answer?
Submitted: 1 year ago.
Category: Homework
Expert:  Linda_us replied 1 year ago.
Thanks for requesting.

I can help you. You can post your question here in this post and I will answer it. Then if you have any follow up question on my solution you can ask me. Once satisfied with the solution you can rate my solution (Good/Excellent) so that I get paid for the effort.
Customer: replied 1 year ago.

1. General Hospital, a not for profit acute care facility, has the following cost structure for its inpatient services:
FIxed costs $10,0000,00
Variable cost per inpatient day $200
Charge (revenue) per in patient day $1,000
The hospital expects to have a patient load of $15,000 inpatient days next year.

a. Construct the hospital's base case projected P&L statement.
b. What is the hospital's breakeven point?
c. What volume is required to provide a profit of $1,000,000? A profit of $500,000?
d. Now assume that 20 percent of the hospital's inpatient days come from a managed care plan that wants a 25 percent discount from charges. Should the hospital agree to the discount proposal?

Expert:  Linda_us replied 1 year ago.

Please click here for solution

I can help you in future as well. You can request me in future by writing "FOR LINDA" in front of your post.
Linda_us, Finance, Accounts & Homework Tutor
Category: Homework
Satisfied Customers: 7043
Experience: Post Graduate Diploma in Management (MBA)
Linda_us and 2 other Homework Specialists are ready to help you
Customer: replied 1 year ago.

I have one more question that I need help with. Can I give you the question with supplemental spread sheet and give you 70 for both?

Expert:  Linda_us replied 1 year ago.
Please post that as well.
Customer: replied 1 year ago.

St. Benedict’s Hospital has three support departments and four patient services departments.
The direct costs to each of the support departments are:
General Administration $2,000,000
Facilities 5,000,000
Financial Services 3,000,000


Selected data for the three support and four patient services departments are as follows:
Patient Space
Services (Square Housekeeping Salary
Department Revenue Feet) Labor Hours Dollars
Support:
General 10,000 2,000 $1,500,000
Administration
Facilities 20,000 5,000 3,000,000
Financial Services 15,000 3,000 2,000,000
Total 45,000 10,000 $6,500,000
Patient Services:
Routine Care $30,000,000 400,000 150,000 $12,000,000
Intensive Care 4,000,000 40,000 30,000 5,000,000
Diagnostic Services 6,000,000 60,000 15,000 6,000,000
Other Services 10,000,000 100,000 25,000 7,000,000
Total $50,000,000 600,000 220,000 $30,000,000
Grand total $50,000,000 645,000 230,000 $36,500,000

Assume that the hospital uses the direct method for cost allocation. Furthermore, the
cost driver for General Administration and Financial Services is patient services revenue,
while the cost driver for Facilities is space utilization.

a.What are the appropriate allocation rates?
b. Allocate the hospital’s overhead costs to the patient services departments.


 


Assignment 3.2: Week Three Review, Part 2


Problem 6.3


Name:






















































Patient Services Department



Support Department



Allocation Rate



Routine Care



Intensive care



Diagnostic Services



Other Services



Total



General Admin



 



 



 



 



 



 



Facilities



 



 



 



 



 



 



Financial Services



 



 



 



 



 



 



Total Indirect Costs



 



 



 



 



 



 



Expert:  Linda_us replied 1 year ago.
I am working on it. Will post the solution soon.
Customer: replied 1 year ago.

Attachment: 2013-03-31_192454_235669_1_cost-based-accounting.pdf


 


Here is a pdf of the statement... THANKS for your help!

Expert:  Linda_us replied 1 year ago.
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Customer: replied 1 year ago.

The allocation is the first first solution next to the title, correct?

Expert:  Linda_us replied 1 year ago.
I am not able to get what you are referring to.

Are you talking about " Allocation Rate for general administration"
Customer: replied 1 year ago.

Yes, gen admin, facilities, financial services...and so forth. The titles to the left

Expert:  Linda_us replied 1 year ago.
Let me recheck.
Expert:  Linda_us replied 1 year ago.
Yes they are correct. These amount are based on the initial data

The direct costs to each of the support departments are
General Administration $2,000,000
Facilities 5,000,000
Financial services 3,000,000

and they other figures are obatined from the selected data.
Customer: replied 1 year ago.

Ok, I am not sure if I did this correctly... please let me know if you received a total of $72.

Expert:  Linda_us replied 1 year ago.
The question was posted for $60. You need to add the remaining amount as Bonus.

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