The hospital's static budget for March
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1. Hettinger Hospital bases its budgets on patient-visits. The hospital's static budget for March appears below: Budgeted number of patient-visits 8,500 Budgeted variable costs: Supplies (@ $9.60 per patient-visit) $ 81,600 Laundry (@ $9.30 per patient-visit) 79,050 Total variable cost 160,650 Budgeted fixed costs: Wages and salaries 99,800 Occupancy costs 107,800 Total fixed cost 207,600 Total cost $368,250 The total variable cost at the activity level of 8,600 patient-visits per month should be: A. $160,650 B. $209,930 C. $207,600 D. $162,540 2. Epley Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 2.0 pounds $7.00 per pound Direct labor 1.2 hours $12.00 per hour Variable overhead 1.2 hours $2.00 per hour In July the company produced 4,900 units using 10,300 pounds of the direct material and 2,280 direct labor-hours. During the month, the company purchased 10,870 pounds of the direct material at a cost of $76,750. The actual direct labor cost was $38,240 and the actual variable overhead cost was $11,941. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.
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Posted 21 Dec 2017 05:12 PM
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