A proof of the equality of debits and credits in the ledger at ...

[rachel9]

A proof of the equality of debits and credits in the ledger at the end of an accounting period is called a balancesheet.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Cowley County Hospital uses a job-costing system for all patients who have surgery. In March, the pre-operating room (PRE-OP) and operating room (OR) had budgeted allocation bases of 4,000 nursing hours and 2,000 nursing hours,
 
  respectively. The budgeted nursing overhead charges for each department for the month were 168,000 and 132,000, respectively. The hospital floor for surgery patients had budgeted overhead costs of 1,200,000 and 15,000 nursing hours for the month. For patient Fred Adams, actual hours incurred were eight and four hours, respectively, in the PRE-OP and OR rooms. He was in the hospital for 4 days (96 hours). Other costs related to Adams were:
 
   PRE-OP OR In-room
   Costs Costs Costs
   Patient medicine  200  500 2,400
   Direct nursing time 1,000 2,000 3,000
 
  The hospital uses a budgeted overhead rate for applying overhead to patient stays.
 
  Required:
  What is the total cost of the stay of patient Fred Adams?

Question 3

______________________________ is the application of electronic networks (including the Internet) to undertake business processes between individuals and organizations.
 Fill in the blank(s) with correct word

[ErinKing]

Answer to Question 1

False

Answer to Question 2

Answer:
Nursing overhead rate PRE-OP = 168,000/4,000 hrs.
= 42 per hr.

Nursing overhead rate OR = 132,000/2,000 hrs.
= 66 per hr.

Overhead rate for surgery floor = 1,200,000/15,000 hrs.
= 80 per hr.

Patient Fred Adams:
PRE-OP OR In-room Totals
Patient medicine  200  500 2,400 3,100
Direct nursing time 1,000 2,000 3,000 6,000
Nursing overhead:
PRE-OP (42   336 336
OR (66  4) 264 264
In-room (80  96) 0 0 7,680 7,680
Total 1,536 2,764 13,080 17,380

Answer to Question 3

E-business

[rachel9]

TYSM

[fatboyy09]

Thanks for the timely response, appreciate it