Your organization has opened a walk-in clinic. A list of expenses has been given to the new staff accountant, Marvin, from the walk-in clinic manager and Marvin needs your help. Marvin wants you to help him identify whether costs shown in the table below are direct or indirect. Additionally, Marvin would like you to describe: 1. The monetary total of direct and indirect costs.
Your organization has opened a walk-in clinic. A list of expenses has been given to the new staff accountant, Marvin, from the walk-in clinic manager and Marvin needs your help. Marvin wants you to help him identify whether costs shown in the table below are direct or indirect. Additionally, Marvin would like you to describe: 1. The monetary total of direct and indirect costs.
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 1EA: Assume you have been hired by Hilton Hotels and Resorts. As part of your new role in the accounting...
Related questions
Question
Your organization has opened a walk-in clinic. A list of expenses has been given to the new staff accountant, Marvin, from the walk-in clinic manager and Marvin needs your help. Marvin wants you to help him identify whether costs shown in the table below are direct or indirect. Additionally, Marvin would like you to describe:
1. The monetary total of direct and indirect costs.
2. Create a Conlcusion overall
Item | Cost | Direct | Indirect |
IT Salaries and Benefits | $1,500 | ||
RN Salaries and Benefits | $9,600 | ||
Utilities and Telephone | $3,000 | ||
Carpets | $1,000 | ||
Magazine Subscriptions | $ 50 | ||
Vehicle Expense | $1,775 | ||
Exam Table | $5,500 | ||
End Tables | $ 500 | ||
Coffee Tables | $1,400 | ||
Facility Insurance | $ 650 | ||
Staff Uniforms | $1,200 | ||
Cleaning Supplies | $ 200 | ||
Desk Lamps | $ 150 | ||
Front Desk Flowers | $ 300 | ||
Bottled Water | $ 250 | ||
Facility Maintenance | $ 700 | ||
Landscaping Expense | $1,800 | ||
Facility Cleaning | $1,500 |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning