Health Care Budgeting ( Financial Management of Hospital and Health care organization by Michael Nowicki 4th edition

Discussion comparing the rise of civilzations.I explained on full detail in the requirements.
April 3, 2021
Response To Peer Discussion Nr 2 (4667)
April 3, 2021

Assignments/Assessments:       

 Exercise

An OB/GYN Department is developing an RVU and product cost for the following procedures, given the projected volumes and sample direct costs. Projected total costs for the OB/GYN department are $12,000,000 ($7,000,000 in direct costs and $5,000,000 in indirect costs). 

Calculate the cost per procedure using Job-Order Costing.

  

 Projected

 Labor

 Supply

 Equipment

Procedure

 Volumes

 Expense ($)

 Expense ($)

 Use (min.)

 

 

 

 

 

Ultrasound

1,500

70

30

25

Hysteroscopy

3,000

40

20

25

HSG

4,000

25

15

15

SIS

5,400

20

5

10

 

For this problem, be sure to use the following steps:

1.   Calculate the RVU for each procedure.

2.   Calculate the total cost for each procedure.

Next, calculate the cost per procedure using Activity-Based Costing

1.   Calculate the direct RVU and the cost driver for each procedure.

2.   Calculate the total cost for each procedure

Writing Requirements 

–       Provide answers in Microsoft Excel

 

 

 
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