Health Care Budgeting ( Financial Management of Hospital and Health care organization by Michael Nowicki 4th edition
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Assignments/Assessments:
Exercise
An OB/GYN Department is developing an RVU and product cost for the following procedures, given the projected volumes and sample direct costs. Projected total costs for the OB/GYN department are $12,000,000 ($7,000,000 in direct costs and $5,000,000 in indirect costs).
Calculate the cost per procedure using Job-Order Costing.
|
|
Projected |
Labor |
Supply |
Equipment |
|
Procedure |
Volumes |
Expense ($) |
Expense ($) |
Use (min.) |
|
|
|
|
|
|
|
Ultrasound |
1,500 |
70 |
30 |
25 |
|
Hysteroscopy |
3,000 |
40 |
20 |
25 |
|
HSG |
4,000 |
25 |
15 |
15 |
|
SIS |
5,400 |
20 |
5 |
10 |
For this problem, be sure to use the following steps:
1. Calculate the RVU for each procedure.
2. Calculate the total cost for each procedure.
Next, calculate the cost per procedure using Activity-Based Costing
1. Calculate the direct RVU and the cost driver for each procedure.
2. Calculate the total cost for each procedure
Writing Requirements
– Provide answers in Microsoft Excel
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