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2 years ago

Which of the following is a characteristic of a for-profit healthcare facility?

Business

1 answer:

Pepsi [2]2 years ago

8 0

Answer:

D. owned by private citizens

Explanation:

A for-profit organization can be defined as a type of organization that is created to primarily generate more revenue than its operating costs by providing lawful services to customers. By generating more revenue than operating costs, a for-profit organization is able to make profit.

Some examples of for-profit organizations are privately owned establishments such as hospitals, hotels, restaurants, supermarkets, gas stations, etc.

Hence, a characteristic of a for-profit healthcare facility is that it is owned by private citizens.

Unlike government agencies or organizations which are being run with public funds and at a subsidized rate (focuses on services everyone can afford), for-profit are mostly owned by private citizens, who are always after making profits from the business.

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3 years ago

White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermin

NeX [460]

Answer:

1. Cutting Department = $8.99 per machine hour and Finishing Department = $11.53 per direct labor hour.

2. The total manufacturing overhead cost assigned to Job 203 is $2,058.46.

3. Yes. Plant wide pre-determined overhead rate does not consider the cost driver in the departments involved.

Explanation:

Predetermined overhead rate = Budgeted Overheads / Budgeted Activity

Cutting Department = $390,000 / 43,400

= $8.99 per machine hour

Finishing Department = $496,000 / 43,000

= $11.53 per direct labor hour

Total manufacturing overhead cost assigned to Job 203.

Direct materials

Cutting Department $ 745.00

Finishing Department $ 370 .00

Direct labor costs

Cutting Department $ 43.00

Finishing Department $ 210.00

Variable manufacturing overhead

Cutting Department ($2.00 × 43) $86.00

Finishing Department ($2.00 × 4) $8.00

Variable manufacturing overhead

Cutting Department ($3.75 × 3) $11.25

Finishing Department ($3.75 × 13) $48.75

Fixed manufacturing overhead

Cutting Department ($8.99 × 43) $386.57

Finishing Department ($11.53 × 13) $149.89

Total $2,058.46

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2 years ago