T
he Management Process
E 3.
Indicate whether each of the following management activities in a community
hospital is part of planning (PL), performing (PE), evaluating (E), or
communicating (C):
1. Leasing five ambulances for the current year
2. Comparing the actual number with the planned number of patient days in
the hospital for the year
3. Developing a strategic plan for a new pediatric wing
4. Preparing a report showing the past performance of the emergency room
5. Developing standards, or expectations, for performance in the hospital admittance
area for next year
6. Preparing the hospital’s balance sheet and income statement and distributing
them to the board of directors
7. Maintaining an inventory of bed linens and bath towels
8. Formulating a corporate policy for the treatment and final disposition of hazardous
waste materials
9. Preparing a report on the types and amounts of hazardous waste materials
removed from the hospital in the last three months
10. Recording the time taken to deliver food trays to patients
Statement of Cost of Goods Manufactured
P
5.
Dillo Vineyards, a large winery in Texas, produces a full line of varietal
wines. The company, whose fiscal year begins on November 1, has just completed
a record-breaking year. Its inventory account balances on October 31 of
this year were Materials Inventory, $1,803,800; Work in Process Inventory,
$2,764,500; and Finished Goods Inventory, $1,883,200. At the beginning of
the year, the inventory account balances were Materials Inventory, $2,156,200;
Work in Process Inventory, $3,371,000; and Finished Goods Inventory,
$1,596,400.
During the fiscal year, the company’s purchases of direct materials totaled
$6,750,000. Direct labor hours totaled 142,500, and the average labor rate was
$8.20 per hour. The following overhead costs were incurred during the year:
depreciation–plant and equipment, $685,600; indirect labor, $207,300; property
tax, plant and equipment, $94,200; plant maintenance, $83,700; small tools,
$42,400; utilities, $96,500; and employee benefits, $76,100
Prepare a statement of cost of goods manufactured for the fiscal year ended October 31.
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