Case 3 Report 1. Background Rio Grande Medical Center is a full service not-for-profit acute care hospital with 325 beds. Most of the hospital’s facilities are devoted to inpatient care and emergency services, but a 100,000-square-foot section of the hospital is devoted to outpatient (OP) services. Of the 100,000-square-foot OP section, the OP Clinic uses 80%/80,000-square-feet, and the remaining 20%/20,000-square-feet are used by the Dialysis Center. Increased patient volume at the OP Clinic
Words: 2116 - Pages: 9
Cost Allocation Assignment Kaneilia Williams Accounting in a Health Care Environment ACC/HC 561 April 23, 2012 Ruth E. Brown Academic and Western Hospitals Academic Hospital and Western Hospital share services as a result of a merger about a year ago. There is a parent organization that owns both hospitals and allows each to operate individual as its own profit center. Academic Hospital now handles all laboratory services for both hospitals and Western Hospital handles maternity
Words: 698 - Pages: 3
range that will have any excessive variances in determining the proper cost drivers to help wit its decision-making in implementing a control system. How do cost relationships and behaviors determine decision-making prerogatives? In managerial accounting, the primary objective of decision-making is to maximize the business’s capital and
Words: 1187 - Pages: 5
Kudler Accounting System By Victor Cromartie BSA /310 February 25, 2013 Adaptation to an accounting system within a business or enterprise adds informative value across the company’s infrastructure. The value displayed by the accounting system role plays in effective facets such as faster processing to all accounting functions and foundationally offering over the top results to errors prone from human weaknesses within the data processing schema. System
Words: 1103 - Pages: 5
1. Prepare the following, by quarter and in total, for year 2: | | | a. A schedule of expected cash collections on sales. | | | | b. A schedule of expected cash disbursements for merchandise purchases. | | | | | | | | Schedule of Expected Cash Collections | Year 2 In Quarter | | | Frist | Second | Third | Fouth | Total | Year 1: | | | | | | Fouth Quarter Sale | =300000*65% | | | | =B13 | Year 2: | | | | | | First Quarter Sale | =400000*0.33
Words: 521 - Pages: 3
Date: February 11, 2013 Subject: Forest Hill Paper Company From the case, we can figure out the Forest Hill Paper Company is a small, closely hold paperboard manufacturer that produces a board line of paperboard in large reels. FHPC competes in a cyclical economic environment, with upswings every three to four years. The current market is mature and declining with a recent trend towards plastic and a more environmentally friendly grade of recycled paperboard. FHPC produced 20 kinds of paperboard
Words: 335 - Pages: 2
Jennefer Boel Module 1 Part 3 Chapter 3 # 17, 20, 32, 47 17. CVP Computation Var. cost per unit: Units sold: 410000 Price per unit: $68 $60 Fixed costs: $1,640,000 Revenue = Revenue = Total Variable Cost = Total Va 1. a. Contribution margin Contribution Margin = Total Revenues - Total Variable Costs Contribution Margin = $27,880,000 - $24,600,000 Contribution Margin = $3,280,000 b. Operating Income Operating Income = Total Revenue -Total Var. Costs - Fixed Costs Total Revenue Total Variable
Words: 1255 - Pages: 6
Emphasis: Management control requires emphasis both on the search for planning as well as control. Both should go hand in hand to achieve the best results. Function of every manager: Manager at every level as to focus towards future operational and accounting data, taking into consideration past performance, present trends and anticipated economic and technological changes. The nature, scope and level of control will be governed by the level of manager exercising it. Existence of
Words: 43603 - Pages: 175
1. | | Per Unit Cost | Sales (3000 units) | $13,050,000 | $4,350 | Variable Cost | $6,210,000 | $2,070 | Contribution Margin | $6,840,000 | $2,280 | Fixed Cost | $4,290,000 | | Net Income/Loss | $2,550,000 | | Break-even point in units=Fixed CostUnit Contribution Margin=4,290,0002280=1882 units Break-even point in dollars=Fixed CostCm Ratio=4,290,00052.41%=$8,185,460.79 2. | | Per Unit Cost | Sales (3500 units) | $13,475,000 | $3,850 | Variable Cost | $7,245,000
Words: 306 - Pages: 2
Snap Fitness is a Minnesota-based business CHAPTER 19 – PAGES 1001-1002 BYP19-7 Many of you will some day own your own business. One rapidly growing opportunity is no-frills workout centers. Such centers attract customers who want to take advantage of state-of-the-art fitness equipment but do not need the other amenities of fullservice health clubs. One way to own your own fitness business is to buy a franchise. Snap Fitness is a Minnesota-based business that offers franchise opportunities
Words: 313 - Pages: 2
