Answer:
A.
Room and meals= $240 per day
Radiology = $215 per image
Pharmacy = $50 per physician order
Chemistry lab = $80 per test
Operating room = $1,000 per operating room hour
B.
<u>Patient Putin</u>
Unit = $1,585
Total = $10,640
<u>Patient Umit</u>
Unit = $1,585
Total = $6,025
Explanation:
Activity rate = Total Overhead Cost / Total Activity
Room and meals= $240 per day
Radiology = $215 per image
Pharmacy = $50 per physician order
Chemistry lab = $80 per test
Operating room = $1,000 per operating room hour
<u>Patient Putin</u>
Unit Total
Room and meals $240 $1,440
Radiology $215 $860
Pharmacy $50 $300
Chemistry lab $80 $40
Operating room $1,000 $8,000
Total $1,585 $10,640
<u>Patient Umit</u>
Unit Total
Room and meals $240 $960
Radiology $215 $645
Pharmacy $50 $100
Chemistry lab $80 $320
Operating room $1,000 $4,000
Total $1,585 $6,025
Answer:
Instructions are listed below
Explanation:
Giving the following information:
Gebler Company sells a product for $ 70 per unit.
Variable costs are $ 25 per unit.
Fixed costs are $ 2500 per month.
The company expects to sell 570 units in September.
Contribution income statement:
Sales= 70*570= $39,900
Variable costs= 570*25= 14250
Contribution margin= 25,650
Fixed costs= 2500
Net income= $23,150
Answer:
B. provides an objective measure of satisfaction from consuming a particular set of goods and services in units called "utils."
Explanation:
When modeling consumer behavior, utility <u>provides an objective measure of satisfaction from consuming a particular set of goods and services in units called "utils."</u>
<u>In economics, the utility function measures the welfare or satisfaction of a consumer as a function of consumption of real goods such as food or clothing. </u>
<u>Utility function is widely used in the rational choice theory to analyze human behavior.</u>
Answer: Oil quart = $1.75 each and Labor fee = $14.65
Explanation:
First Car
5 oil quarts plus flat fee for labor = 23.40
Second Car
7 oil quarts plus flat fee for labor = 26.90
Labor is fixed which means the cost of labor for servicing the first car is equal to the cost of labor for servicing the second car. Hypothetically speaking if we used the same number of oil quarts in both cars, the cost of servicing each car would be the same. The cost would be equal to $23.40, but now 2 more oil quarts were used in servicing the second car and costs rose to $26.90.
We know that labor is fixed therefore the change in total costs from $23.40 to $26.90 is caused by the extra two more oil quarts used in the second car. Therefore this means that the cost of 2 oil quarts is $3.50 (26.90 - 23.40) which tells us that 1 quarter of oil is equal to $1.75 ($3.5/ 2).
Cost servicing First Car
total cost of oil = 5 oil quarts x 1.75 = $8.75
Labor fee = 23.40 - 8.75 = $14.65
Cost of servicing the Second car
total cost of oil = 7 oil quarts x 1.75 = $12.25
Labor fee = 26.90 - 12.25 = $14.65
Oil quart = $1.75 each and Labor fee = $14.65