Management Resources Activity – Healthcare unit
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Management Resources Activity
Student Name:
Please type your answers to each of the questions next to each question below. Please be sure to show your work, as this may allow for partial credit if your final answer is incorrect!
1) For the healthcare unit below, calculate the Total Revenue, Total Expenses, and Profit (5 pts each)
Revenues (Income Sources) | Amount |
Patient Revenue | 2,546,400 |
Charitable Donations | 250,000 |
Total Revenue | |
Expenses | |
Labor costs | 1,675,000 |
Patient Care Supplies | 635,000 |
Housekeeping | 53,000 |
Utilities | 36,000 |
Total Expenses | |
Profit |
2. Based upon the profit you calculated, can this healthcare unit afford to purchase new ceiling lifts for their patient care rooms? Each lift costs $8000 and there are 25 beds. Due to the high cost of these items, would they most likely come from the operating budget or the capital budget? (5 pts)
3. Which of the expenses above is an example of a fixed cost? (5 pts)
4. Which of the expenses above is an example of a variable cost? (5 pts)
5. This unit has 25 beds, and the average daily census (ADC) is 22 patients. What is the occupancy rate for beds? (10 pts)
6. Based on … Read the rest
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