When starting new job or work endeavor, be sure your home demands are in order to give a
high degree of concentration to your job.
Indicate whether the statement is true or false
TRUE
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The entry to record that proceeeds upon issuing an interest-bearing note is
A. Interest Expense (D) Cash (D) Notes Payable (C) B. Cash (D) Notes Payable (C) C. Notes Payable (D) Cash (C) D. Cash (D) Notes Payable (D) Interest payable (C)
Elmbrook Hospital uses a job-order costing system for all patients who have surgery. The following information is available:
Budgeted indirect costs—pre-operating room $84,000 Budgeted indirect costs—operating room $66,000 Budgeted indirect costs—surgery recovery floor $600,000 Budgeted nursing hours—pre-operating room 4,000 Budgeted nursing hours—operating room 1,000 Budgeted nursing hours—surgery recovery floor 7,500 The cost driver for all indirect costs is nursing hours. The hospital uses a budgeted rate for indirect costs. A patient spent 8 hours in the pre-operating room, 4 hours in the operating room and 96 hours on the surgery recovery floor. What amount of indirect costs will be applied to this patient? A) $336.00 B) $600.00 C) $7,680 D) $8,112