Type of Admission Standard Time to Complete Admission Record Unscheduled admission 40 min. Scheduled admission 20...
Type of Admission Standard Time to Complete Admission Record Unscheduled admission 40 min. Scheduled admission 20 min. The unscheduled admission took longer, since name, address, and insurance information needed to be determined at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time consuming. The Admissions Department employs four full-time people (40 productive hours per week, with no overtime) at $21 per hour. For the most recent week, the department handled 132 unscheduled and 228 scheduled admissions. a. How much was actually spent on labor for the week? $ 3,360 b. What are the standard hours for the actual volume for the week (round to the nearest whole hour)? 164 hours c. Calculate the time variance. In your computation, round the standard direct labor rate to the nearest whole cent. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
I am struggling with number C. I got my A and B correct.
Homework Answers
Standard Rate = $ 21 per hour
Standard Hours = 164 Hours
Actual Hours = 40 * 4 workers = 160 Hours
Time Variance = Standard Rate * ( Actual Hours - Standard Hours)
Time Variance = $21 * ( 160 Hours - 164 Hours )
Time Variance = - $ 84
Favorable Variance
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Type of Admission Standard Time to Complete Admission Record
Unscheduled admission 40 min. Scheduled admission 20...
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