D1. Direct Labor Standards for Nonmanufacturing ExpensesSouthwest lowa Hospital began using standards to evaluate its Admissions Department. The standards were broken into two types of admissions as follows:Type of AdmissionUnscheduled admissionScheduled admission30 min.10 min.The unscheduled admission took longer, since name, address, and insurance information needed to be determined at the time of admission. Information was collected onscheduled admissions prior to the admissions, which was less time consuming.Standard Time to CompleteAdmission RecordThe Admissions Department employs four full-time people (40 productive hours per week, with no overtime) at $12.00 per hour. For the most recent week, thedepartment handled 184 unscheduled and 480 scheduled admissions.a. How much was actually spent on labor for the week?1,920 ✔b. What are the standard hours for the actual volume for the week?608 X hoursc. Compute a time variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount.92 XFavorable

Direct Labor time variance is the difference between the actual bor time and standard labor…

Direct Labor Standards for Nonmanufacturing Expenses Southwest Iowa Hospital began using standards to evaluate its Admissions Department. The standards were broken into two types of admissions as follows: Type of Admission Unscheduled admission Scheduled admission Standard Time to Complete Admission Record 10 min. The unscheduled admission took longer, since name, address, and insurance information needed to be determined at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time consuming. 30 min. The Admissions Department employs four full-time people (40 productive hours per week, with no overtime) at $12.00 per hour. For the most recent week, the department handled 184 unscheduled and 480 scheduled admissions. a. How much was actually spent on labor for the week? $ 1,920 b. What are the standard hours for the actual volume for the week? 608 X hours 92 X c. Compute a time variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. Favorable

Direct Labor Standards for Nonmanufacturing Expenses Southwest Iowa Hospital began using standards to evaluate its Admissions Department. The standards were broken into two types of admissions as follows: Type of Admission Unscheduled admission Scheduled admission Standard Time to Complete Admission Record 10 min. The unscheduled admission took longer, since name, address, and insurance information needed to be determined at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time consuming. 30 min. The Admissions Department employs four full-time people (40 productive hours per week, with no overtime) at $12.00 per hour. For the most recent week, the department handled 184 unscheduled and 480 scheduled admissions. a. How much was actually spent on labor for the week? $ 1,920 b. What are the standard hours for the actual volume for the week? 608 X hours 92 X c. Compute a time variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. Favorable

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 2MAD

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Direct Labor Standards for Nonmanufacturing Expenses Englert Hospital began using standards to evaluate its Admissions Department. The standard was broken into two types of admissions as follows: Standard Time to Complete Admission Record Type of Admission Unscheduled admission 40 min. Scheduled admission 10 min. The unscheduled admission took longer because name, address, and insurance information needed to be determined and verified at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time-consuming. The Admissions Department employs four full-time people (40 productive hours per week, with no overtime) at $12 per hour. For the most recent week, the department handled 132 unscheduled and 456 scheduled admissions. a. How much was actually spent on labor for the week? $fill in the blank 1 b. What are the standard hours for the actual volume for the week (round to the nearest whole hour)? fill in the blank 2 hours c.…
Direct Labor Standards for Nonmanufacturing Expenses Englert Hospital began using standards to evaluate its Admissions Department. The standard was broken into two types of admissions as follows: Standard Time to Complete Type of Admission Admission Record Unscheduled admission 40min. Scheduled admission 20min. The unscheduled admission took longer because name, address, and insurance information needed to be determined and verified at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time-consuming. The Admissions Department employs three full-time people ( 40 productive hours per week, with no overtime) at $15 per hour. For the most recent week, the department handled 102 unscheduled and 183 scheduled admissions. a. How much was actually spent on labor for the week? $ b. What are the standard hours for the actual volume for the week (round to the nearest whole hour)? hours c. Calculate the time variance. In your…
2. The administrator of ABC Hospital would like to know the relationship between the costs of admitting in relation to the number of patients being admitted and determine the cost formula. The following are the related data for the past five months that will be used determine such cost formula.Month | # of Patients Admitted |Admitting CostsJanuary 1,800 P 14,700February 1,900 P 15,200March 1,700 P 13,700April 1,600 P 14,000May 1,500 P 14,300The controller suggested to use the high-low method approach to derive for the cost formula. If the controller’s suggestion is to be followed:How much would be the total fixed costs?
Need help with the answer to C it is not $64 and it is not $168 Direct Labor Standards for Nonmanufacturing Expenses Southwest Iowa Hospital began using standards to evaluate its Admissions Department. The standards were broken into two types of admissions as follows: Type of Admission Standard Time to CompleteAdmission Record Unscheduled admission 30 min Scheduled admission 15 min. The unscheduled admission took longer, since name, address, and insurance information needed to be determined at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time consuming. The Admissions Department employs two full-time people (36 hours per week, with no overtime) at $21 per hour. For the most recent week, the department handled 55 unscheduled and 210 scheduled admissions. a. How much was actually spent on labor for the week?$1512 b. What are the standard hours for the actual volume for the week? 80 hours c. Compute a…
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