ACCT 251 Chapter 3 Quiz

ACCT 251 Chapter 3 Quiz - Required 1 Calculate the cost of...

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Name: ______________________________ ACCT 251 Management Accounting Quiz Chapter 3 Fall 2009 Westland Community Hospital has four laboratory technicians responsible for doing a series of standard blood tests. Each technician is paid an annual salary of $25,000 and is capable of processing 5,000 tests per year. The lab facility represents a new addition to the hospital and has an annual depreciation cost of $30,000. Depreciation cost for the testing equipment is $20,000 per year. Last year, the cost of chemicals, forms, and other supplies was $75,000. During the year, 18,750 blood tests were performed.
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Unformatted text preview: Required: 1. Calculate the cost of committed resources, the cost of flexible resources, and the total cost or resources supplied for the blood testing activity. 2. Calculate the fixed and variable activity rates for the blood testing activity. Determine the cost of performing one blood test. 1 3. Determine the capacity available, the capacity used, and the unused capacity for the blood testing activity. 4. Determine the cost of resources supplied, the cost of resources used, and the cost of unused capacity for the blood testing activity. 2...
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ACCT 251 Chapter 3 Quiz - Required 1 Calculate the cost of...

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