Assignment Exercise 7-1 Health Care Finance: Basic Tools For… Assignment Exercise 7-1Heal
Assignment Exercise 7-1 Health Care Finance: Basic Tools For… Assignment Exercise 7-1Health Care Finance: Basic Tools For Nonfiancial Mangers, Fifth Edition Judith J. Baker, R. W. and Neil R. Dworkin Assignment Exercise 7-1 Assignment Exercise 7-1 (p. 532) – Allocating Direct and Indirect Costs AE7-1 Worksheet (doc) Practice Exercise 7-1: Identify Direct and Indirect CostsMake a worksheet with two columns: Direct Cost and Indirect Cost. Place each of the following items in the appropriate column:Managed Care marketing expense Real estate taxesLiablility insurance Clinic telephone expenseUtilities (for the entire facility) Emergency room medical supplies Assignment 7-1: Allocating Indirect Costs Study Table 7-1 Table 7-2, and review the chapter text describing how the indirect cost is allocated. This assignment will change the allocated bases input (A) Number of Visits (Volume), (B) Proportion of Directs Costs, and (C) Number of Computers in Service. Required Compute the costs allocated to cost centers “Clerical Salaries, ” Administrative Salaries,” and “Computer Services” using the new allocation bases shown below. Use worksheet #1 that replicates the set up in Table 7-2. Total the new results. The new allocation bases are: Allocation Key_A= # Visits (Volume): PT=9,600/OT=4,000/ST=2,400/Total=16,000(16,000 x $3.50=$56,000)B= Proportion of Direct Costs: PT=60%/OT=25%/ST=15%/Total =100%(%x$55,000)C= #Computers in Service: PT=10/OT=3/ST=3/Total = 16 (16x$5,000 each = $80,000) Using worksheet #2 that replicates the set up in Table 7-1 , enter the new direct cost and the new totals for indirect costs resulting from your work. Total the new results. Health Science Science Nursing FINANCE 610-ON35-F Share QuestionEmailCopy link Comments (0)
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