A hospital budgets for overheads totalling $11 500,000 for a financial year. It expects to treat 25,000
Question:
A hospital budgets for overheads totalling $11 500,000 for a financial year. It expects to treat 25,000 patients in the year. Each patient stays an average of ten days and the hospital absorbs overheads on a patient/day basis. Its direct costs for the year are budgeted at $25,000,000. What is its OAR?
A. $46 per patient day
B. $100 per patient day
C. $146 per patient day
D. $460 per patient day.
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Step by Step Answer:
To calculate the OAR we need to divide the total overhead ...View the full answer
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Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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