Rizal Hospital runs an Intensive Care Unit in a hired building. The details of the expenses for
Question:
Rizal Hospital runs an Intensive Care Unit in a hired building. The details of the expenses for the private facility are as follows:
a)Thirty-five (35) regular beds and five (5) more beds can be hired if required.
b)Rent per month, P75,000
c)Regular employees' salary per month:
•2 Supervisors, P25,000 each •
4 Nurses, P20,000 each
•4 Ward Assistants, P5,000 each
d)Doctors are paid an estimated P250,000 per month based on the number of patients attended and the time spent by them.
e)Alloted fixed budget for repairs, P81,000 for a year
f)Food to patients, P880,000 for a year.
g)Other services to patients, P600,00 for a year.
h)Medicines for a year, P750,000.
i)Laundry Charges, P600,000 for the year.
j)Other fixed expenses, P1,080,000 for the year. k)Allocated administration expenses for the year, P1,000,000.
l)Patient Days •Thirty-five (35) beds are occupied for 150 days and 25 for 80 days. 03 Activity 2
•The hospital hired a total of 750 beds for the year at a charge of P100 per bed per day to accommodate the flow of patients. •The hospital recovers an average of P2,000 per day from each patient.
1.Compute the total number of occupied beds for the entire year.
2.Compute the total income for occupied days.
3.Compute the Total Costs for one year of operation
4.Compute the Profit for the year
Auditing The Art And Science Of Assurance Engagements
ISBN: 9780136692089
15th Canadian Edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan, Joanne C. Jones