Submit written responses to these questions. List several efforts that have been enacted by payors to control costs. Explain the ramifications of allowing/disallowing an individual to be able to sue his or her HMO. What are each of the financial statements commonly called in for-profit health care organizations and in not for-profit care organizations? The following questions relate to the statement of operations of not for-profit health care organizations. What is the analogous for-profit statement called? What are the main sections of the statement of operations? What are revenues, gains, and other support? What are expenses and losses? Funds released from restricted net assets to unrestricted net assets are presented in what section of the statement of revenue, expenses and other activities? The following questions relate to the statement of changes in net assets. What is the traditional name for this statement? What is the purpose of this statement? What are the main sections of this statement? Discuss the difference between permanently restricted and temporarily restricted net assets. The following questions relate to the statement of cash flows of a not-profit health care organization. 

What are its main sections?

What is the purpose of this statement?

Where in the financial statements would there be important explanatory information?

In what financial statement would one identify the purchase of long-term investments?

How does the accrual basis of accounting differ from the cash basis of accounting?

Question.2

Work on the total direct manufacturing cost.

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Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: Direct materials Direct labor Vartable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 18,600 30,700 $ 13,800 21,600 $ 4,900 26,800 $ 78,000 $ 39,500 $ 49,300 $ 35,400 $ 31,700 Required: 1. With respect to cost classifications for preparing financial statements: a. What is the total product cost? b. What is the total period cost? 2. With respect to cost classifications for assigning costs to cost objects. a. What is total direct manufacturing cost? Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: Direct materials Direct labor Vartable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 18,600 30,700 $ 13,800 21,600 $ 4,900 26,800 $ 78,000 $ 39,500 $ 49,300 $ 35,400 $ 31,700 Required: 1. With respect to cost classifications for preparing financial statements: a. What is the total product cost? b. What is the total period cost? 2. With respect to cost classifications for assigning costs to cost objects. a. What is total direct manufacturing cost? Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: Direct materials Direct labor Vartable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 18,600 30,700 $ 13,800 21,600 $ 4,900 26,800 $ 78,000 $ 39,500 $ 49,300 $ 35,400 $ 31,700 Required: 1. With respect to cost classifications for preparing financial statements: a. What is the total product cost? b. What is the total period cost? 2. With respect to cost classifications for assigning costs to cost objects. a. What is total direct manufacturing cost?

Answer rating: 100% (QA)

Answer Efforts Enacted by Payors to Control Costs Negotiating lower rates with healthcare providers Implementing utilization management programs to ensure appropriate use of healthcare services Promot... View the full answer