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Direct labor standards for nonmanufacturing expenses Southwest Iowa Hospital began using standards to evaluate its Admissions Department. The standards were broken into two types of admissions as follows: The unscheduled admission took longer, since name, address, and insurance information needed to be determined at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time consuming. The Admissions Department employs two full-time people (36 hours per week, with no overtime) at $21 per hour. For the most recent week, the department handled 55 unscheduled and 210 scheduled admissions. a.How much was actually spent on labor for the week? b. What are the standard hours for the actual volume for the week? c.Compute a time variance. How well did the department perform for the week?

BuyFind

Survey of Accounting (Accounting I)

8th Edition
Carl Warren
Publisher: Cengage Learning
ISBN: 9781305961883
BuyFind

Survey of Accounting (Accounting I)

8th Edition
Carl Warren
Publisher: Cengage Learning
ISBN: 9781305961883

Solutions

Chapter
Section
Chapter 13, Problem 13.26E
Textbook Problem

Direct labor standards for nonmanufacturing expenses
Southwest Iowa Hospital began using standards to evaluate its Admissions Department. The standards were broken into two types of admissions as follows:

Chapter 13, Problem 13.26E, Direct labor standards for nonmanufacturing expenses Southwest Iowa Hospital began using standards

The unscheduled admission took longer, since name, address, and insurance information needed to be determined at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time consuming.
The Admissions Department employs two full-time people (36 hours per week, with no overtime) at $21 per hour. For the most recent week, the department handled 55 unscheduled and 210 scheduled admissions.
a.How much was actually spent on labor for the week?
b. What are the standard hours for the actual volume for the week?
c.Compute a time variance. How well did the department perform for the week?

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Chapter 13 Solutions

Survey of Accounting (Accounting I)
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