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

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

 

 

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.