the accuracy of the costs allocated to patients. I he first overhead rate would include all...

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the accuracy of the costs allocated to patients. I he first overhead rate would include all overhead costs within the Intensive Car (ICU) and the second overhead rate would include all Other overhead costs. Information pertaining to the hospital's estimated nu of patient-days, its estimated overhead costs, and two of its patients-Patient A and Patient B-is provided below: ICU Estimated number of patient-days Estimated fixed overhead cost 3,500 Other 17,500 Total 21,000 $ 5,460,000 $ 16,327,500 $ 21,787,500 Estimated variable overhead cost per patient-day $ 303 $ 108 Patient A Patient B Direct materials $ 6,000 $ 7,700 Direct labor $ 28,750 $ 39,000 Total number of patient-days (including ICU) Number of patient-days spent in ICU 24 29 0 17 Required: 1. Assuming McCullough calculates two overhead rates as recommended by the staff accountant, calculate: a. The ICU and Other overhead rates. b. The total cost, including direct materials, direct labor and applied overhead, assigned to Patient A and Patient B. 2. Assuming McCullough continues to use only one predetermined overhead rate, calculate: a. The predetermined overhead rate. b. The total cost, including direct materials, direct labor and applied overhead, assigned to Patient A and Patient B. (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations and final answers to the nearest dollar amount.) 1a. Predetermined ICU overhead rate 1a. Predetermined Other overhead rate 1b. Total cost for patient A 1b. Total cost for patient B 2a. Predetermined overhead rate 2b. Total cost for patient A 2b. Total cost for patient B per patient-day per patient-day per patient-day the accuracy of the costs allocated to patients. I he first overhead rate would include all overhead costs within the Intensive Car (ICU) and the second overhead rate would include all Other overhead costs. Information pertaining to the hospital's estimated nu of patient-days, its estimated overhead costs, and two of its patients-Patient A and Patient B-is provided below: ICU Estimated number of patient-days Estimated fixed overhead cost 3,500 Other 17,500 Total 21,000 $ 5,460,000 $ 16,327,500 $ 21,787,500 Estimated variable overhead cost per patient-day $ 303 $ 108 Patient A Patient B Direct materials $ 6,000 $ 7,700 Direct labor $ 28,750 $ 39,000 Total number of patient-days (including ICU) Number of patient-days spent in ICU 24 29 0 17 Required: 1. Assuming McCullough calculates two overhead rates as recommended by the staff accountant, calculate: a. The ICU and Other overhead rates. b. The total cost, including direct materials, direct labor and applied overhead, assigned to Patient A and Patient B. 2. Assuming McCullough continues to use only one predetermined overhead rate, calculate: a. The predetermined overhead rate. b. The total cost, including direct materials, direct labor and applied overhead, assigned to Patient A and Patient B. (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations and final answers to the nearest dollar amount.) 1a. Predetermined ICU overhead rate 1a. Predetermined Other overhead rate 1b. Total cost for patient A 1b. Total cost for patient B 2a. Predetermined overhead rate 2b. Total cost for patient A 2b. Total cost for patient B per patient-day per patient-day per patient-day

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1a Predetermined ICU overhead rate The ICU overhead rate can be calculated by dividing the estimated fixed overhead cost for the ICU by the estimated ... View the full answer