Lower Valley Medical Associates operates a walk-in medical clinic in She asks her accountant, Larry Wilson, how she shou

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Lower Valley Medical Associates Operates A Walk In Medical Clinic In She Asks Her Accountant Larry Wilson How She Shou 1 (30.97 KiB) Viewed 66 times

Lower Valley Medical Associates operates a walk-in medical clinic in She asks her accountant, Larry Wilson, how she should apply this Tempe, Arzona technique. Wilson obtains the following budgeted information for 2020 Click the icon to additional information) Click the icon to view the budget data.) Do has recently become aware of activity-based costing as a method to refine costing systems Read the requirements General ovomead Number or employees Calculate the budgeted indirect cost rates for each category, (Round the cost driver rates to the nearest cont, XXX, as needed. Abbreviations used: maintenance clinic maintenance General overhead General overhead, including administrative staff, ngftsquare foot) Cost Cost driver rate Medical supplies por patient visit Rent and maintenance per sq ft of space Laboratory services General overhead per employee por test
Lower Valley Medical Associates operates a walk-in medical clinic in Tempe, Arizona (Click the loon to additional information.) Do has recently become aware of activity-based costing as a method to refine costing systems She asks her accountant, Larry Wilson, how she should apply this technique. Wilson obtains the following budgeted information for 2020 (Click the icon to view the budget data) Read the requirements Requirement 1. b. Using an activity-based costing approach to cost analysis, calculate the budgeted cost of each department and the budgeted cost per patient visit of each department Calculate the budgeted costs for the Urgent Care department in this step, and then the budgeted costs for the Living Well department in the following step. (Complete all input fields. Enter a "O" for any zero balances. Round the cost per patient visit amounts to the nearest cent, XXX) Urgent Care Living Well Professional salarios: Physicians X-ray technicians Nurses Nutritionists Total salaries Medical supplies Rent and clinic maintenance Laboratory services General overhoad Total cost Number of patient visits Cost per patient visit hty
- More info 70,000 $ 2,090,000 The clinic includes two different departments, Urgent Care, which serves patients with minor to moderate acute illnesses and injuries, and Living Well, which administers vaccines, school and work physicals, and conducts workshops on healthy living topics. The center's budget for 2020 follows. Professional salaries 4 physicians x $ 230,000 $ 920,000 2 X-ray technicians x $ 70,000 140,000 12 nurses x $ 80,000 960,000 1 nutritionist x $ 70,000 Medical supplies 540,000 Rent and clinic maintenance 287,500 Laboratory services 255,000 General overhead, including administrative staff 517,500 Total $ 3,690,000 Kendall Vo, the director of the clinic, is keen on determining the cost of each department. Vo compiles the following data describing employee allocations to individual programs: Urgent Care Living Well Total Physicians 3 1 X-ray technicians 2 2 Nurses 12 Nutritionist 1 4 8 4 1
- Data table Square feet of clinic space Patient visits Number of laboratory tests Urgent Care 11,000 15,000 12,000 Living Well 14,000 30,000 3,000 Total 25,000 45,000 15,000