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Accounting

Problem:

Assume that the hospital uses the direct method for cost allocation. Furthermore, the cost driver for General Administration and Financial Services is patient services revenue, while the cost driver for Facilities is space utilization.

Requirement:

Question 1: What are the appropriate allocation rates?

Question 2: Allocate the hospital's overhead costs to the patient services departments?

Note: Please answer in proper manner and show all computations

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170638

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