onnect EXERCISE 1-1 Identifying Direct and Indirect Costs L01-1 Northwest Hospit

Question

onnect EXERCISE 1-1 Identifying Direct and Indirect Costs L01-1 Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient clinics. Required: For each cost incurred at Northwest Hospital, indicate whether it would most likely be a direct cost or an indirect cost of the specified cost object by placing an X in the appropriate column Direct Indirect Cost Cost Cost Cost Object Ex. Catered food served to patients 1. The wages of pediatric nurses 2. Prescription drugs 3. Heating the hospital 4. The salary of the head of pediatrics 5. The salary of the head of pediatrics 6. Hospital chaplain's salary 7. Lab tests by outside contractor 8. Lab tests by outside contractor A particular patient The pediatric department A particular patient The pediatric department 2 The pediatric department A particular pediatric patient A particular patient A particular patient A particular department EXERCISE 1-2 Classifying Manufacturing Costs LO1-2 The PC Works assembles custom computers from components supplied by vari The company is very small and its assembly shop and retail sales store are housed in a silfi ous manufacturers. acil

Explanation / Answer

Cost Cost Object Direct Cost Indirect Cost 1 The wages of pediatric nurses The pediatric department X 2 Prescription drugs A particular patient X 3 Heating the hospital The pediatric department X 4 The salary of the head of pediatrics The pediatric department X 5 The salary of the head of pediatrics A particular pediatric patient X 6 Hospital chaplain's salary A particular patient X 7 Lab tests by outside contractor A particular patient X 8 Lab tests by outside contractor A particular department X

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