Keene Hospital Pharmacy fills three types of prescriptions. Prescription X requires refrigeration to maintain the drug's...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Keene Hospital Pharmacy fills three types of prescriptions. Prescription X requires refrigeration to maintain the drug's efficacy. Prescription Y has potentially fatal interactions with other drugs and therefore requires careful review by a pharmacist. Prescription Z is a basic, common drug that presents little risk to the patient. Prescription X is a brand-name drug still on patent, and therefore, the charge for the drug is high relative to its cost. Consider the following data for the hospital pharmacy: Prescription X Prescription Y Prescription Z Annual volume (prescriptions) 60 240 1,200 Annual costs: Direct costs $9,240 $58,800 $38,400 Overhead (indirect costs) Annual charges $42,504 $88,200 $61,440 Total overhead (indirect costs) for the pharmacy=$153,716 a. Using the cost-to-charges ratio (CCR) method, determine the overhead that would be allocated to each type of prescription, X, Y, and Z. Hint: Complete the following table: Allocated to Allocated to Allocated to Prescription Z Prescription X Prescription Y Total overhead $ $ $ Keene Hospital Pharmacy fills three types of prescriptions. Prescription X requires refrigeration to maintain the drug's efficacy. Prescription Y has potentially fatal interactions with other drugs and therefore requires careful review by a pharmacist. Prescription Z is a basic, common drug that presents little risk to the patient. Prescription X is a brand-name drug still on patent, and therefore, the charge for the drug is high relative to its cost. Consider the following data for the hospital pharmacy: Prescription X Prescription Y Prescription Z Annual volume (prescriptions) 60 240 1,200 Annual costs: Direct costs $9,240 $58,800 $38,400 Overhead (indirect costs) Annual charges $42,504 $88,200 $61,440 Total overhead (indirect costs) for the pharmacy=$153,716 a. Using the cost-to-charges ratio (CCR) method, determine the overhead that would be allocated to each type of prescription, X, Y, and Z. Hint: Complete the following table: Allocated to Allocated to Allocated to Prescription Z Prescription X Prescription Y Total overhead $ $ $
Expert Answer:
Answer rating: 100% (QA)
Ttl hrges fr ll resritins X YZ 42504 88200 61440 19214... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
A hospital pharmacy fills three types of prescriptions . Prescription A requires refrigeration to maintain the drugs activity. Prescription B has potentially fatal interactions with other drugs and...
-
The Corner Drug Store fills prescriptions for a popular childrens antibiotic, amoxicillin. The daily demand for amoxicillin is normally distributed, with a mean of 200 ounces and a standard deviation...
-
To plan a commercial refrigeration system using R-123 we would like to know how much more volume saturated vapor R-123 occupies per kg at -30oC compared to the saturated liquid state.
-
The following is the stockholders' equity section from Chipotle Mexican Grill, Inc.'s balance sheet (in thousands, except per share data). a. Show the computation to derive the $375 thousand for...
-
A thin strip of hard copper (E = 16,000 ksi) having length L = 90 in. and thickness t = 3/32 in. is bent into a circle and held with the ends just touching (see figure). (a) Calculate the maximum...
-
Major League Baseball (MLB) has two leagues: the American League (AL), which utilizes the designated hitter (DH) to bat for the pitcher, and the National League (NL), which does not allow the DH. A...
-
Use the pain tolerance ratings (PainTolerance) after the activity to estimate the difference in mean pain tolerance between those who just completed a synchronized activity and those who did a...
-
The following unadjusted trial balance is prepared at fiscal year-end for Rex Company. Rent expense and salaries expense are equally divided between selling activities and the general and...
-
Sasha manages inventory at a park visitor center. They're in charge of ordering supplies, but they realize that the stock-out room and the storage units the company rents are running out of space,...
-
The CitruSun Corporation ships frozen orange juice concentrate from processing plants in Eustis and Clermont to distributors in Miami, Orlando, and Tallahassee. Each plant can produce 20 tons of...
-
The accountant for Zacharys Dress Shop prepared the following cash budget. Zacharys desires to maintain a cash cushion of $23,000 at the end of each month. Funds are assumed to be borrowed and repaid...
-
What is the appropriate journal entry for default in payment? Explain.
-
Provide a discussion board response to my peer below: What is Debt Financing? Debt financing is one of method to raise capital by borrowing money from lenders/investors. Bank loans and bonds are...
-
READ ATTACHED LINK TO ANSWER THE FOLLOWING QUESTIONS: (copy and paste link for it to work!) Questions: 4. Identify the Needs, Priorities, and Concerns of the family and the child. 5. Identify...
-
What is the most essential attribute of an effective key risk indicator (KRI)? Discuss them in details and give example of each.
-
analyze the attached Seagate case. In your analysis, you should address the following questions: 1) Why is Seagate undertaking this transaction? Is it necessary to divest the Veritas shares in a...
-
Two stars in a binary system orbit around their center of mass. The centers of the two stars are 7.18x1011 m apart. The larger of the two stars has a mass of 3.43x1030 kg, and its center is 2.16x1011...
-
1A. If the researcher is concerned about the number of variables, the nature of the analysis, and completion rates, then, he/she is at which stage of the sampling design process (Figure 11.1 in the...
-
The management of the Dynaco manufacturing plant wants to connect the eight major manufacturing areas of its plant with a forklift route. Because the construction of such a route will take a...
-
The manager of the Bayville police department motor pool wants to develop a forecast model for annual maintenance on police cars, based on mileage in the past year and age of the cars. The following...
-
The town of Blacksburg needs a larger modern middle school. The current middle school is in the center of town and is over 40 years old. There are two proposals for a new schoolrenovate and expand...
-
Show that if two given networks are described by \(Y_{i}=\sum_{j=1}^{M} T_{i j} X_{j}\) and \(Y_{i}^{\prime}=\) \(\sum_{j=1}^{M} T_{i j}^{\prime} X_{j}^{\prime}\), then these networks are...
-
Some FIR filters present a rational transfer function: (a) Show that the transfer function \[H(z)=\frac{\left(r^{-1} z ight)^{-(M+1)}-1}{r e^{\mathrm{j} 2 \pi /(M+1)} z^{-1}-1}\] corresponds to an...
-
Plot the pole-zero constellation as well as the magnitude response of the transfer function of Exercise 4.20 for \(M=6,7,8\) and comment on the results. Exercise 4.20 Some FIR filters present a...
Study smarter with the SolutionInn App