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Plymouth BU5430 week 8 assignment

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Question;eek 8 Assignment:Greenview Hospital operated at 120% of normal capacity in two of its departments during the year. It operated 120% times 20,000 normal capacity direct labor nursing hours in routine services and it operated 120% times 20,000 normal capacity equipment hours in the laboratory. The lab allocates overhead by measuring minutes and hours the equipment is used, thus equipment hours.Assumptions:For Routine Services Nursing:_ 20,000 hours X 120% = 24,000 direct labor nursing hours._ Budgeted Overhead at 24,000 hours = $42,000 fixed plus $6,000 variable = $48,000 total._ Actual Overhead at 24,000 hours = $42,000 fixed plus $7,000 variable = $49,000 total._ Applied Overhead for 24,000 hours at $2.35 = $56,400.For Laboratory:_ 20,000 hours X 120% = 24,000 equipment hours._ Budgeted Overhead at 24,000 hours = $59,600 fixed plus $11,400 variable = $71,000 total._ Actual Overhead at 24,000 hours = $59,600 fixed plus $11,600 variable = $71,200 total._ Applied Overhead for 24,000 hours at $3.455 = $82,920.Questions:1. Set up a worksheet for applied overhead costs and volume variance with a column for Routine Services Nursing and a second column for Laboratory.2. Set up a worksheet for actual overhead costs and budget variance with a column for Routine Services Nursing and a second column for Laboratory.3. Set up a worksheet for volume variance and budget variance totaling net variance with a column for Routine Services Nursing and a second column for Laboratory.4. Insert input data from Assumptions.5. Complete computations for all three worksheets.* Please answer the 5 questions in a comprehensive manner. Please message me if you have any questions or concerns. Please use proper grammar and punctuation in your solutions *

 

Paper#49060 | Written in 18-Jul-2015

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