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AccountingManagerial Accounting: The Cornerstone of Business Decision-Making7th Edition

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Chapter 10, Problem 6MTC
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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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Problem 2DQ
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Problem 18DQ
Problem 19DQ
Problem 20DQ
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Problem 23DQ
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Problem 42BEB
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Problem 47E
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Problem 53E
Problem 54E
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Problem 57E
Problem 58E
Problem 59E
Problem 60E
Problem 61E
Problem 62P
Problem 63P
Problem 64P
Problem 65P
Problem 67P
Problem 68P
Problem 69P
Problem 70P
Problem 71P
Problem 72P
Problem 73P
Problem 74P
Problem 75P
Problem 76P
Problem 77C
Problem 79C
Problem 1MTC
Problem 2MTC
Problem 3MTC
Problem 4MTC
Problem 5MTC
Problem 6MTC
Problem 7MTC
Problem 8MTC
Problem 9MTC
Problem 10MTC
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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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The Two Cost Systems

Sacred Heart Hospital (SHH) faces skyrocketing nursing costs, all of which relate to its two biggest nursing service lines—the Emergency Room (ER) and the Operating Room (OR). SHH’s current cost system assigns total nursing costs to the ER and OR based on the number of patients serviced by each line. Total hospital annual nursing costs for these two lines are expected to equal $300,000. The table below shows expected patient volume for both lines.

Chapter 10, Problem 6MTC, The Two Cost Systems Sacred Heart Hospital (SHH) faces skyrocketing nursing costs, all of which

After discussion with several experienced nurses, Jack Bauer (SHH’s accountant) decided that assigning nursing costs to the two service lines based on the number of times that nurses must check patients’ vital signs might more closely match the underlying use of costly hospital resources. Therefore, for comparative purposes, Jack decided to develop a second cost system that assigns total nursing costs to the ER and OR based on the number of times nurses check patients’ vital signs. This system is referred to as the “vital-signs costing system.” The earlier table also shows data for vital signs checks for lines.

Using the results from Requirement 5, calculate the cost per OR nursing hour under the vital-signs costing system.

5. Calculate the amount of nursing costs that the vital-signs costing system assigns to the ER and to the OR.

To determine

Compute cost per nursing hour for OR department. In case, overall nursing cost is allocated to the department on the basis of vital sign checks.

Explanation

Traditional Costing:

Under traditional costing, overhead rates are computed by dividing the overhead cost by the cost driver. Cost driver could be labor hours, number of units, machine hours, and number of orders. Under traditional costing system a single rate is used to allocate all types of costs.

Allocation of nursing costs:

ParticularsOR ($)
Number of vital signs check (A)4,000
Rate per check1 (B)50
Nursing costs (AĂ—B) (C)200,000
Nursing hours (D)5,000
Cost p

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Ch-10 P-1DQCh-10 P-2DQCh-10 P-3DQCh-10 P-4DQCh-10 P-5DQCh-10 P-6DQCh-10 P-7DQCh-10 P-8DQCh-10 P-9DQCh-10 P-10DQ
Ch-10 P-11DQCh-10 P-12DQCh-10 P-13DQCh-10 P-14DQCh-10 P-15DQCh-10 P-16DQCh-10 P-17DQCh-10 P-18DQCh-10 P-19DQCh-10 P-20DQCh-10 P-21DQCh-10 P-22DQCh-10 P-23DQCh-10 P-1MCQCh-10 P-2MCQCh-10 P-3MCQCh-10 P-4MCQCh-10 P-5MCQCh-10 P-6MCQCh-10 P-7MCQCh-10 P-8MCQCh-10 P-9MCQCh-10 P-10MCQCh-10 P-11MCQCh-10 P-12MCQCh-10 P-13MCQCh-10 P-14MCQCh-10 P-15MCQCh-10 P-16MCQCh-10 P-17MCQCh-10 P-18MCQCh-10 P-19MCQCh-10 P-20MCQCh-10 P-21BEACh-10 P-22BEACh-10 P-23BEACh-10 P-24BEACh-10 P-25BEACh-10 P-26BEACh-10 P-27BEACh-10 P-28BEACh-10 P-29BEACh-10 P-30BEACh-10 P-31BEACh-10 P-32BEBCh-10 P-33BEBCh-10 P-34BEBCh-10 P-35BEBCh-10 P-36BEBCh-10 P-37BEBCh-10 P-38BEBCh-10 P-39BEBCh-10 P-40BEBCh-10 P-41BEBCh-10 P-42BEBCh-10 P-43ECh-10 P-44ECh-10 P-45ECh-10 P-46ECh-10 P-47ECh-10 P-48ECh-10 P-49ECh-10 P-50ECh-10 P-51ECh-10 P-52ECh-10 P-53ECh-10 P-54ECh-10 P-55ECh-10 P-56ECh-10 P-57ECh-10 P-58ECh-10 P-59ECh-10 P-60ECh-10 P-61ECh-10 P-62PCh-10 P-63PCh-10 P-64PCh-10 P-65PCh-10 P-67PCh-10 P-68PCh-10 P-69PCh-10 P-70PCh-10 P-71PCh-10 P-72PCh-10 P-73PCh-10 P-74PCh-10 P-75PCh-10 P-76PCh-10 P-77CCh-10 P-79CCh-10 P-1MTCCh-10 P-2MTCCh-10 P-3MTCCh-10 P-4MTCCh-10 P-5MTCCh-10 P-6MTCCh-10 P-7MTCCh-10 P-8MTCCh-10 P-9MTCCh-10 P-10MTC

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