[SOLVED] HSA 525- Health Financial Managemen

HSA 525- Health Financial Management Week 3: Homework Exercises 6-1 and 6-2, 7-1 and 7-2

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on
[SOLVED] HSA 525- Health Financial Managemen
Get a 15% Discount on this Paper
Order Now

Assignment Exercise 6–1: Allocating Indirect Costs

Study Table 6–1, Table 6–2, and review the chapter text describing how the indirect cost is allocated. This assignment will change the allocation bases input for (A) Number of Visits (Volume), (B) Proportion of Direct Costs, and (C) Number of Computers in Service.

Required 1. Compute the costs allocated to cost centers “Clerical Salaries,” “Administrative Salaries,” and “Computer Services” using the new allocation bases shown below. Use worksheet #1 that replicates the set up in Table 6–2. Total the new results. The new allocation bases are:

A = # Visits (Volume): PT = 9,600/OT = 4,000/ST = 2,400/Total = 16,000 (16,000 × $3.50 = $56,000)

B = Proportion of Direct Costs: PT = 60%/OT = 25%/ST = 15%/Total = 100% (% × $55,000)

C = # Computers in Service: PT = 10/OT = 3/ST = 3/Total = 16 (16 × $5,000 each = $80,000).

2. Using worksheet #2 that replicates the set up in Table 6–1, enter the new direct cost and the new totals for indirect costs resulting from your work. Total the new results.

Assignment Exercise 6–2: Responsibility Centers

Choose among the Case Study in Chapter 27, the clinic in Mini-Case Study 2, or the Metropolis Health System information as contained in its Case Study and the Appendix that contains its financial statements. Designate the responsibility centers and the support centers for the organization selected. Prepare a rationale for the structure you have designed.

Assignment Exercise 7–1: Analyzing Mixed Costs

The education coordinator decides that the community college packs may be unduly influencing the high–low computation. She decides to rerun the results, omitting the community college volume.

Required

1. Using the monthly utilization information presented here, and omitting the community college training packs, find the fixed and variable portion of costs through the high–low method. Note that the college only acquires packs in three months of the year: January, May, and September. These dates coincide with the start dates of their semesters and summer school.

2. The reason the education coordinator needs to know how much of the cost is fixed is because she is supposed to collect the appropriate variable cost from the community college for their packs. For her purposes, which computation do you believe is better? Why?

Month Total Number of Training Packs Total Cost Community College Number Packs Community College Cost January 1,000   $6,200   200 $1,240   February 200 1,820     March 250 2,350     April 400 3,440     May 700 4,900 300 2,100 June 300 2,730     July 150 1,470     August 100 1,010     September 1,100   7,150 300 1,950 October 300 2,850     November 250 2,300     December 100 1,010

Assignment Exercise 7–2: Calculating the Contribution Margin

The Mental Health program for the Community Center has just completed its fiscal year end. The program director determines that his program has revenue for the year of $1,210,000. He believes his variable expense amounts to $205,000 and he knows his fixed expense amounts to $1,100,000.

Required

1. Compute the contribution margin for the Community Center Mental Health Program.

2. What does the result tell you about the program?

Important Note: HSA 525 Health Care Finance e-book is needed for this assignment. Upon hand-shake I will email the link login/password to access e-book.

RECOMMENDED: [Get Solution]Cost Estimate

order

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with MyCoursebay
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Social Work and Human Services
The paper is impressive. Very professional and per the instructions
Customer 452533, May 24th, 2021
Criminal Justice
always great!
Customer 452465, February 23rd, 2021
Nursing
Thank you!
Customer 452707, October 16th, 2022
Nursing
Thank you!!!
Customer 452557, June 26th, 2021
English 101
The paper was late. However, it was excellent quality.
Customer 452561, July 2nd, 2021
Nursing
Thank you so much for being the best website for assignment help.
Customer 452635, June 24th, 2022
Nursing
Thank you for helping with my assignment.
Customer 452707, July 8th, 2022
Other
GREAT
Customer 452813, June 20th, 2022
Social Work and Human Services
Perfect. Thank you.
Customer 452469, July 10th, 2021
Communications
Thank you very much
Customer 452669, November 17th, 2021
Nursing
Fantastic work on this project as usual.
Customer 452707, July 5th, 2022
Social Work and Human Services
Thank You, Don!!! :)
Customer 452587, November 9th, 2021
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Get top-notch homework help now. 20% off first 10 orders!

NEW

Thank you for choosing MyCoursebay. Your presence is a motivation to us. All papers are written from scratch. Plagiarism is not tolerated. Order now for a 15% discount

Order Now