John Fleming, chief administrator for Valley View Hospital, is concerned about the costs for tests in the hospital's lab. Charges for lab tests are consistently higher at Valley View than at other hospitals and have resulted in many complaints. Also, because of strict regulations on amounts reimbursed for lab tests, payments received from insurance companies and governmental units have not been high enough to cover lab costs. Mr. Fleming has asked you to evaluate costs in the hospital's lab for the past month. The following information is available: (i) Two types of tests are performed in the lab - blood tests and smears. During the past month, 1,800 blood tests and 2,400 smears were performed in the lab. (ii) Small glass plates are used in both types of tests. During the past month, the hospital purchased 12,000 plates at a cost of 28,200 . This cost is net of a 6% quantity discount. 1,500 of these plates were unused at the end of the month; no plates were on hand at the beginning of the month. (iii) During the past month, 1,150 hours of labor time were recorded in the lab at a cost of 13,800 . (iv) The lab's variable overhead cost last month totaled 7,820 . Valley View Hospital has never used standard costs. By searching industry literature, however, you have determined the following nationwide averages for hospital labs: Plates: Two plates are required per lab test. These plates cost 2.50 the following and are disposed of after the test is completed. Labor: Each blood test should require 0.3 hours to complete, and the following smear should require 0.15 hours to complete. The average cost of this lab time is 14 per hour. Overhead: Overhead cost is based on direct labor-hours. The average rate for variable overhead is 6 per hour.
(a) Compute a materials price variance for the plates purchased last month and a materials quantity variance for the plates used last month.

Answers

Answer 1

Std Material Quantity (5300 test 3):                 15900 plates      

Std price per plate:                             $ 4.20 per plate      

Actual Quantity purchased:                           20,000 plates      

Actual Quantity used (20,000-3,000)                 17,000 plates      

Actual Price per plate (79,800/20,000 plates) $3.99 per plate      

               

Material Price Variance = Actual Quantity purchased (Std price -Actual price)  

   20,000 plates (4.20-3.99) = $ 4200 Favorable    

               

Material Efficiency Variance= Std Price(Std Quantity -Actual Quantity)    

   4.20 (15,900 -17,000) = $4620

Unfavorable.

An example of a material is the fabric from which something is made. The material examples are the facts used in the book. Examples of the material include comedian jokes. An example of a material is wood from which something is made. noun.

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Related Questions

Explain why it’s important to decide what college you’ll attend based on the net price rather than the sticker price of a college.

Answers

A school's sticker price will display the tuition, fees, room & board. The best measure of affordability, however, is the net price, which represents your final cost after accounting for any free financial aid.

The annual cost of the college fee is known as the sticker price.

The sticker prices include all costs associated with attending a college, including those for books, board, lodging, annual tuition, library fees, etc.

A student from a low-income household typically obtains a specific grant at an institution with a higher sticker price than one with a lower sticker price.

This is due to the fact that reputable colleges with high sticker prices get educational funds set aside as grant aid for qualified students attending those institutions.

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profit-sharing plans, commissions, bonuses, and stock options are examples of group of answer choices benefits. incentives. salaries. wages.

Answers

Profit-sharing plans, commissions, bonuses, as well as  stock options are the examples of incentives. Option B is correct.

Incentives are rewards given to employees for achieving specific goals or objectives, typically related to performance. These rewards are intended to motivate employees to work harder and more effectively, and to align their interests with those of the organization. Other examples of incentives may include performance-based pay, promotions, and recognition programs.

Salaries and wages, on the other hand, are forms of compensation that are paid to employees for their time and effort, regardless of their performance or contribution to the organization. While salaries and wages may be adjusted periodically to reflect changes in market conditions or the cost of living, they are generally not tied to specific performance goals or objectives.

Hence, B. is the correct option.

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-The given question is incomplete, the complete question is

"Profit-sharing plans, commissions, bonuses, and stock options are examples of group of answer choices A) benefits. B) incentives. C) salaries. D) wages."--

Select the correct answer.
Kelly paid salary to her employees at the end of the month. What will be the journal entry for the given financial transaction?
A. Employee Account - Debit
Employee Account - Debit
B.
C. Salary Account - Debit
D. Salary Account - Debit
Cash Account - Credit
Kelly Account - Credit
Cash Account - Credit
Kelly Account - Credit
Reset
Next

Select the correct answer.Kelly paid salary to her employees at the end of the month. What will be the

Answers

Answer:

Explanation

Answer will be

C

Salary Account     Debit

Cash Account       Credit

Agency problems are most likely to be associated with?

Answers

Agency troubles are most likely to be related with corporations. Agency troubles is the problem of  interest inherent between the interest of two party in a corporation.

What is corporation?

Corporation is the legal structure that creates with the laws and regulation of its state of incorporation. Specific states have the authority to make an effect of the law.

They can create, dismiss, organization and dissolution of any law within the state of corporation. Many states follow  the Model Business Corporation Act.

Thus, Agency troubles are most likely to be related with corporations.

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What does "trader of energy derivative contracts" mean?

Answers

Answer:

Energy derivative currency traders are becoming a component of market or commodity participants. A further explanation is given below.

Explanation:

These participants concentrate on negotiating to arise from movements in market contractual agreements for physical materials such as oil as well as gold. Almost always, these merchants come to terms with manufactured goods used during the start of the development production process, including certain copper for building projects or wheat flour besides cattle feed.

Telmart, a retail chain, records high sales volume for most of its outlets. Some of its outlets that have low sales volume have conducted surveys for their consumers in order to understand the reasons behind this. The surveys reveal that the average customer in these outlets believes that price is an indicator of quality and thus, prefers higher priced brands over lower priced brands. The research conducted by telmart exemplifies:.

Answers

The research that Telmart did exemplifies what we know as Demand Analysis.

What is Demand Analysis?Refers to research that is done to see what influences customer demand. Is often done by companies to increase demand for their goods.

In finding out why some outlets did not have high sales, Telmart was trying to find out what drove customer behavior so this is Demand Analysis.

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Answer the following question in 3-4 complete sentences. A poster of a man sitting on a motorcycle on a cliff that reads, "Honda. " Examine the advertisement above. What is being advertised? Most likely, who is their target audience or buyer? What does this advertisement say to the buyer?.

Answers

Answer:

Answers may vary, but should be similar to the following: This is an advertisement for Honda motorcycles. Based on the picture, the location it shows (beach front at sunset), and the man in the advertisement, the target audience is most likely males in either their 20s or 30s, or perhaps older males who want to feel younger again. The advertisement and the imagery used speaks of such emotions and experiences as, independence, power, wide-open spaces, and freedom.

Explanation:

This is an advertisement for Honda motorcycles. The location shows the man in the ad, the target audience is most likely males in either their 20s or 30 or perhaps older males who want to feel younger again.

What is the advertisement saying to the buyer?

The advertisement and the imagery are used to speak of such emotions and experiences as independence, power, wide-open spaces, and freedom. An advertisement, otherwise known as an advert or ad, is generally considered a public communication that promotes a product, service, brand or event. To some the definition can be even broader than that, extending to any paid communication designed to inform or influence.

If these definitions feel vague, it’s because they are the truth that advertisements can be tricky to define, now more than ever. From bus shelters to search engines to influencers, the field of advertising has never been broader, deeper or more complex.

It’s important to note that advertising is not the same as marketing and it is rather a subcategory of it.

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what are the benefits of a majority shareholder​

Answers

Answer:

A majority shareholder in a company has significant control and influence over the company's decisions and policies. Some potential benefits of being a majority shareholder include:

1. Control: Majority shareholders can exert significant control over the company's direction and decision-making, including selecting board members and executives, and approving major decisions.

2. Dividends: As a majority shareholder, you are entitled to a greater proportion of the company's profits and may receive higher dividends.

3. Increased Value: The value of the company and its stock can increase as a result of a strong performance, which would benefit the majority shareholder.

4. Greater Voting Power: Majority shareholders have greater voting power in corporate matters such as mergers and acquisitions, stock issuances, and other significant decisions.

5. Strategic Influence: Majority shareholders may be able to shape the company's strategy and long-term goals, potentially leading to higher returns.

It is important to note that being a majority shareholder also carries significant responsibilities and risks, such as potential legal liability and exposure to market volatility.

The first-quarter Moon is seen high in the sky at the time of sunset. Where will it possibly be at midnight?


A)


It will move almost 90 degrees to the East


B)


It will move almost 90 degrees to the West


C


It will move almost 180 degrees to the East


D)


It will move almost 180 degrees to the West

Answers

The first-quarter Moon will likely move almost 90 degrees to the East by midnight  due to the Earth's rotation,

At the time of sunset, when the first-quarter Moon is high in the sky, its position will change as the night progresses. By midnight, the Moon will have moved approximately 90 degrees to the East. This means it will appear closer to the western horizon compared to its position during sunset. The Moon's movement across the sky is due to the Earth's rotation, which causes celestial objects to appear to shift from East to West over time.

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Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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multiple answers
These statements are true regarding association with a headhunter or recruiter:

1)referring other hard workers is appreciated by headhunters and recruiters
2) headhunters and recruiters work for you
3) instead of burdening your headhunter or recruiter, you should save time and contact an employer directly
4) headhunters and recruiters work for the employer

Answers

Headhunters and the recruiters both of them work for the employer of the company.

Option fourth is the correct answer.

Who is an employer?

An employer is an individual who controls and manages the affairs of a company.

During the recruitment process, the recruiters hired individuals who are new to employment, that is, the freshers. In contrast, the headhunters hire those employees who already have an experience in the concerned field.

Therefore, the employer of the company is associated with both the headhunters and the recruiters.

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Project A has an IRR of 18% and an NPV of $1.2 million. Project B has an IRR of 14% and an NPV of $1.5 million. The projects A & B are mutually exclusive. Which project should you choose?
Group of answer choices
A. Both Projects A & B
B. Neither Project A nor B
C. Project B only
D. Project A only

Answers

Project B is the better choice based on its higher NPV ($1.5 million) compared to Project A ($1.2 million).

Project B alone would be the greatest option based on the facts supplied.

In investment analysis, the terms internal rate of return (IRR) and net present value (NPV) are frequently employed. The NPV is the difference between the present value of cash inflows and outflows, whereas the IRR is the annualised rate of return produced by a project.

In this instance, Project B provides more value than Project A since it has a larger NPV ($1.5 million) than Project A ($1.2 million). Furthermore, even though Project A has a larger IRR (18%) than Project B (14%), the choice should primarily be based on the NPV because it gives a more true picture of the project's total value creation.

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what is stakeholders​

Answers

Answer:

A stakeholder is a party that has an interest in a company and can either affect or be affected by the business.

Hope this helped you!

Explanation:

Why is it important to consider the needs and wants of the customer in developing new products and company's success?

Answers

To provide outstanding customer service, it is crucial to understand your customer's demands. Your purchases and loyalty are driven by customer demands.

Why is it crucial to understand the requirements and preferences of your clients?

Whether a company sells directly to consumers or other enterprises, knowing and comprehending client needs is at the core of every successful organization. As soon as you are aware of this, you can utilize it to convince both current and new clients that doing business with you is in their best interests.

What makes asking customers what they want important?

It assists you in involving your clients and winning their support. Perhaps Henry Ford didn't ask what his customers wanted. He did, however, provide them with a speedier horse—just not in the usual sense.

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the boss observes that her 10 workers produce 1,000 widgets a day. she concludes that she can employ 20 workers and make 2,000 widgets, 30 to make 3,000, or 40 to make 4,000. explain why this observation is either correct or incorrect.

Answers

The boss observes that her 10 workers produce 1,000 widgets a day. she concludes that she can employ 20 workers and make 2,000 widgets, 30 to make 3,000, or 40 to make 4,000. This observation is incorrect.

Why this observation is incorrect?

She is most likely incorrect because of the law of diminishing returns. Adding more and more of a variable resource (labor) to a fixed resource (the factory and machinery) should cause output to increase, but at a decreasing rate. If the company is experiencing diminishing returns, we might expect something like 20 workers producing 1,800 units, 30 producing 2,500 units, and 40 producing 3,300 units.

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How does decreasing your credit card balance affect your income statement? (1 point)

It increases your monthly expenses, increasing the amount you spend each month.
It increases your monthly expenses, giving you more money to spend on other things.
It decreases your monthly expenses, increasing the amount you spend each month.
It decreases your monthly expenses, giving you more money to spend on other things.

Answers

The way in which decreasing your credit card balance would affect your income statement is that: D. It decreases your monthly expenses, giving you more money to spend on other things.

What is a credit card?

A credit card simply refers to a small, rectangular flat card that is issued by a financial institution to its eligible customers, in order to avail them an opportunity to purchase goods and services on credit, especially based on the agreement that this amount of money would be paid back at a specific time and interest rate.

Generally speaking, a credit card balance can be defined as the total amount of money that an individual owe his or her credit card company. This ultimately implies that, a decrease in credit card balance would cause a decrease in monthly expenses, which avails the credit card holder more money to spend on other things.

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Answer: 1. a loan from one entity electronically matched to another entity without a financial institution in the middle

2. a payday loan

3. an unsecured installment loan

4. It decreases your monthly expenses, giving you more money to spend on other things.

5. Determine or estimate the current value of everything you own.

6. Their ability to repay a loan

7. your prior record of paying your bills and paying off your debts

8. your age and gender

9. You can request one online or over the phone.

10. He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.

11. -the lender that provided the incorrect information

-the credit bureau that prepared the report

12. right away

13. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.

14. The longer the term, the more you will pay in interest.

15. It will cost you less money overall.

16. A store credit card generally comes with a higher interest rate.

17. You will save money if you pay the balance off quickly.

18. -Clarifying the confusing language found on credit card applications.

-Forcing lending companies to disclose interest rates and hidden fees.

19. It banned credit card companies from raising interest rates after missed payments.

20. -a fixed annual charge for the use of a credit card

-a charge if the minimum payment is not paid by the due date

21. paying off the balance before interest can accrue

22. $30

23. Determine which card has the higher interest rate and pay the extra money to that card first.

Explanation: All these answers are correct!

assuming the short-run aggregate supply curve is upward sloping, an increase in short-run aggregate supply, while aggregate demand remains unchanged, results in a price level, output (real gdp) and unemployment.

Answers

Assuming the short-run aggregate supply curve is upward sloping, an increase in short-run aggregate supply, while aggregate demand remains unchanged, will result in a decrease in the price level, an increase in output (real GDP), and a decrease in unemployment.



Here's a step-by-step explanation of why this happens:

1. Upward sloping short-run aggregate supply curve: The short-run aggregate supply curve shows the relationship between the price level and the quantity of output that firms are willing to supply in the short run. When the curve is upward sloping, it means that as the price level increases, firms are willing to produce more output.

2. Increase in short-run aggregate supply: When there is an increase in short-run aggregate supply, it means that firms are willing to produce more output at each price level. This can happen due to factors such as technological advancements, lower production costs, or increased availability of resources.

3. Aggregate demand remains unchanged: In this scenario, aggregate demand, which represents the total spending in the economy, remains the same. It could be due to factors like stable consumer spending or government policies that do not affect spending.

4. Decrease in the price level: With an increase in short-run aggregate supply and unchanged aggregate demand, there will be more goods and services available in the market. This leads to increased competition among producers, which results in a decrease in the price level. Consumers can now purchase goods and services at a lower price.

5. Increase in output (real GDP): As firms are producing more output in response to the increase in short-run aggregate supply, the total output in the economy, measured by real GDP, increases. This indicates economic growth and expansion.

6. Decrease in unemployment: With the increase in output, firms require more labor to produce the additional goods and services. As a result, there is a decrease in unemployment as more people are employed to meet the increased production demand.

To summarize, an increase in short-run aggregate supply, with unchanged aggregate demand, leads to a decrease in the price level, an increase in output (real GDP), and a decrease in unemployment. This is because firms are producing more goods and services, which leads to increased competition, lower prices, economic growth, and more job opportunities.

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a company's flexible budget for 11,000 units of production showed per unit contribution margin of $2.90 and fixed costs, $16,500. the income expected if the company produces and sells 14,000 units is:

Answers

A company's flexible budget for 11,000 units of production showed per unit contribution margin of $2.90 and fixed costs, $16,500. Hence, the income expected if the company produces and sells 14,000 units is $24,100.

How to calculate the income expected if the company produces and sells 14,000 units?

The income expected is calculated using the following formula:

Income expected = (Sales volume * Per unit contribution margin) – Fixed costs

Where, Sales volume = 14,000 units Per unit contribution margin = $2.90Fixed costs = $16,500Substitute the values in the above formula and calculate the income expected.

Income expected = (14,000 units * $2.90) – $16,500

Income expected = $40,600 – $16,500 Income expected = $24,100

Hence, the income expected if the company produces and sells 14,000 units is $24,100.

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An arrangement in which two people work the same position at a company on different days is known as

A. consulting

B. contracting

C. job sharing

D. telecommuting

Answers

Answer:

Explanation:

The correct answer is option C. Job sharing.


Job Sharing - In the job-share model, two employees split the burden of a single full-time position between them; they complete the same responsibilities on various days of the week.

a heat engine has a total heat input of 1.3 kj and a thermal efficiency of 43 percent. how much work will it produce?

Answers

A heat engine with a total heat input of 1.3 kJ and a thermal efficiency of 43 percent will produce 0.559 kJ of work.

The thermal efficiency of a heat engine is defined as the ratio of the work output to the heat input. Mathematically, it can be expressed as:

Thermal Efficiency = (Work Output / Heat Input) * 100

In this case, we are given the total heat input of 1.3 kJ and a thermal efficiency of 43 percent. To determine the work output, we rearrange the equation:

Work Output = (Thermal Efficiency / 100) * Heat Input

Substituting the given values:

Work Output = (0.43) * 1.3 kJ

Work Output = 0.559 kJ

Therefore, the heat engine will produce 0.559 kJ of work.

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why do you think amazon became successful?

Answers

Answer:

This why.

Explanation:

Amazon is the largest and most successful retailer in the western world because they built the best customer experience. Customers expect 3 core things when they buy products online: Large Selection: Consumers always want to find the product they are looking for and, of course, this product should be in stock.

Answer:

One of the major reasons why Amazon was so successful was due to its costumer focused approach.In every step of the buyer's journey,no time is wasted.Customers are given what they want right away.Amazon has always worked hard on making things more user friendly.Amazon largely stems from its innovative technologies and practises.

Explanation:

I hope this helps....

How do u learn to sing high notes in a month

Answers

Answer:

Imagine having a bar in your throat, the higher it is the higher your voice goes, the lower the bar is the higher it goes.

Explanation:

Which best describes the facilities involved in the Healthcare cluster?

Some facilities are privately owned, some are funded and run by the government, and some are run by nonprofit organizations.
Some facilities are privately owned businesses that are owned by people who want to make money, and some facilities are nonprofit hospitals.
Most facilities are funded by taxes and run by the government, while a small few are privately owned facilities run by people who want to make money.
Many facilities are nonprofit clinics with the rest of the facilities owned and operated by private individuals to make a profit.

Answers

Answer: (C) Most facilities are funded by taxes and run by the government, while a small few are privately owned facilities run by people who want to make money.

Answer:

C. government

one person along with the cooperation of the media can propagate falsehoods in the form of by the omitting of facts or context.

Answers

Propagating falsehoods through omission of facts or context. One person, in collaboration with the media, can propagate falsehoods by strategically omitting facts or context.

Misinformation can be spread not only through outright lies but also through the deliberate omission of relevant facts or context. When a person, with the cooperation of the media, selectively presents information to manipulate public opinion or create a false narrative, it can lead to the propagation of falsehoods. By leaving out crucial details or providing incomplete information, individuals can shape the narrative in a way that supports their agenda or biases. This tactic exploits the trust placed in media sources and can have far-reaching consequences, impacting public perception, policy decisions, and societal harmony. Therefore, it is crucial for media consumers to critically evaluate information, seek diverse perspectives, and rely on reliable sources that prioritize accurate and comprehensive reporting. Additionally, media organizations play a crucial role in upholding journalistic standards, fact-checking claims, and providing balanced coverage to counteract the potential spread of falsehoods through omission.

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MacDonald's Farm, Green Acres, and Mickey's Farm sell wheat in a pure-competition environment which means that no
business sells endugh of the product to influence the price.
O true
O false

Answers

Different sellers of wheat like MacDonald's farm and Mickey's Farm where they do not have an influence on the price marks the existence of pure competition in the economy.

What is pure competition?

Pure competition refers to a market where there is free entry and exit of buyers and sellers in the market selling exactly the same product with, no buyer or seller can influence the price.

Hence, if there is a pure competition in the wheat market, none from the aforementioned sellers would be able to sell enough so that they can influence the price.

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Alice Miller works for a paint manufacturer. She is paid 3% commission on her first $20,000 if monthly sales and 8% commission on all sales over $20,000. In March her sales were $54,500; in April, her sales totaled $47,300. What were the total commissions she earned for the 2 months?

Answers

Answer:

$6,144

Explanation:

sales commissions during March:

$20,000 x 3% = $600

$34,500 x 8% = $2,760

total = $3,360

sales commissions during April:

$20,000 x 3% = $600

$27,300 x 8% = $2,184

total = $2,784

if we add both months, then the total sales commissions earned by Alice = $6,144

morgan+company+issues+9%,+20-year+bonds+with+a+par+value+of+$750,000+that+pay+interest+semiannually.+the+amount+paid+to+the+bondholders+for+each+semiannual+interest+payment+is.

Answers

Morgan and Company issued 9%, 20-year bonds with a par value of $750,000 that pay interest semiannually. The amount paid to the bondholders for each semiannual interest payment is $33,750.What are bonds?Bonds are a form of debt that companies, municipalities, and governments use to finance projects. They're essentially loans that investors make to an organization.

As a result, bonds are considered a type of fixed-income investment. The following are the fundamental features of bonds:Bonds are loans that have a specified term or due date.Bonds pay interest semi-annually or annually.Bonds have a par value.Bonds may be issued by firms, governments, or other organizations.What is a semi-annual bond payment?The semi-annual bond payment is a debt security payment made twice a year. Interest is usually paid on these debts. These payments are made twice a year, typically every six months, and are referred to as coupon payments, referring to the interest payments paid out to bondholders.What is the amount paid to the bondholders for each semi-annual interest payment?

The amount paid to the bondholders for each semi-annual interest payment is $33,750, given the following information:Par value of the bonds is $750,0009% is the coupon rate Semi-annual interest payments are made 20-year term or maturity period of the bond P = $750,000 i = 9%/2 = 4.5% per six-month period n = 20 x 2 = 40 (since semi-annual interest payments are made)Coupon payment = i * P Bondholders receive the coupon payment twice a year, so the coupon payment is divided in half.So, for each semi-annual interest payment,Amount paid to bondholders = Coupon payment / 2= 9% * $750,000 / 2= $33,750.

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what is the advantages of starting a slow proprietorship business​

Answers

Answer:

start-up costs are low

Explanation:

Answer:

Minimal paperwork and low set-up costs are two major benefits of having a sole proprietorship. In addition, there is the ease of maintaining it. In fact, according to the SBA, it's the simplest and least expensive business type you can establish.

Explanation:

im not sure if this is what youre looking for or not lol

Bottle Breacher was a successful company that began with crowdfunding through the television show Shark Tank. This is an example of the ______ model of crowdfunding, where an entrepreneur offers a stake in the company in exchange for backing.

Answers

Considering the situation described above, this is an example of the "Reward-based" model of crowdfunding.

This is because a reward-based crowdfunding model is a type of crowdfunding that gives the donor something of value in return.

These rewards may be in the form of commodities, services, discounts, or adverts, etc.

There are various types of crowdfunding models. The most common types are the following:

Equity-based model;Donation or social-based model;Lending model;Reward-based model.

Hence, in this case, it is concluded that the correct answer is the "Reward-based model" of crowdfunding.

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what is business transaction​

Answers

when one thing is given in return for another like an exchange but in business
Other Questions
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