ACCT 205 Lecture Notes - Lecture 6: Blood Film, White Blood Cell, Platelet

70 views5 pages

ali12

9 Jul 2021

School

Nicholls State University

Department

Accounting

Course

ACCT 205

Professor

All

For unlimited access to Class Notes, a Class+ subscription is required.

Document Summary

8- thorough study of the morphology of blood cells. Three basic steps to make blood film:: preparation of blood smear, fixation of blood smear, staining of blood smear. Tips for making a good blood smear: clean slides: it is imperative to use clean high-quality glass slides with clean edges. Touching the edges of the spreader slide will affect the quality of the smear: the size of the drop: if the drop is too large, the smear will be too long and thick. A small drop may not be fully representative of the blood: speed of spreading action: the speed at which the spreader slide is moved is very important. If you move it too fast, the smear is too short and all the cells are at the feathered edge. If you go too slow, the smear is too long (lacks a feathered edge): angle of the spreader slide: the angle determines the length of the smear.

Related Questions

Item15

5points

eBook

References

Check my workCheck My Work button is now enabled

Item15

Item 15 5 points

John Fleming, chief administrator for Valley View Hospital, is concerned about the costs for tests in the hospitalâs lab. Charges for lab tests are consistently higher at Valley View than at other hospitals and have resulted in many complaints. Also, because of strict regulations on amounts reimbursed for lab tests, payments received from insurance companies and governmental units have not been high enough to cover lab costs.

Mr. Fleming has asked you to evaluate costs in the hospitalâs lab for the past month. The following information is available:

Two types of tests are performed in the labâblood tests and smears. During the past month, 1,800 blood tests and 2,400 smears were performed in the lab.

Small glass plates are used in both types of tests. During the past month, the hospital purchased 12,000 plates at a cost of $56,400. 1,500 of these plates were unused at the end of the month; no plates were on hand at the beginning of the month.

During the past month, 1,150 hours of labor time were recorded in the lab at a cost of $21,850.

The labâs variable overhead cost last month totaled $7,820.

Valley View Hospital has never used standard costs. By searching industry literature, however, you have determined the following nationwide averages for hospital labs:

Plates: Two plates are required per lab test. These plates cost $5.00 each and are disposed of after the test is completed.

Labor: Each blood test should require 0.3 hours to complete, and each smear should require 0.15 hours to complete. The average cost of this lab time is $20 per hour.

Overhead: Overhead cost is based on direct labor-hours. The average rate for variable overhead is $6 per hour.

Required:

1. Compute a materials price variance for the plates purchased last month and a materials quantity variance for the plates used last month.

2. For labor cost in the lab:

a. Compute a labor rate variance and a labor efficiency variance.

b. In most hospitals, one-half of the workers in the lab are senior technicians and one-half are assistants. In an effort to reduce costs, Valley View Hospital employs only one-fourth senior technicians and three-fourths assistants. Would you recommend that this policy be continued?

3-a. Compute the variable overhead rate and efficiency variances.

3-b. Is there any relation between the variable overhead efficiency variance and the labor efficiency variance?

harlequinrat321

Perpetual Inventory Method: Record each transaction accordingly.

During the month of March 2017, the following transactions occur.

4 Buy five deluxe mixers on account from Kzinski Supply Co. for $2,875, terms n/30.

5 Teaches class at YMCA for which a $60 deposit was received in February

6 Pay $100 freight on the March 4 purchase (check #301).

7 Return one of the mixers to Kzinski because it was damaged during shipping. Kzinski issues a credit for the cost of the mixer plus $20 for the cost of freight that was paid on March 6 for one mixer.

8 Collects the amount due from the neighborhood community center that was accrued at the end of February.

10 Teaches the last two classes for the Stoughton schools

12 Sell three deluxe mixers on account to Samantha French for $3,450, FOB destination, terms n/30. The mixers cost $595 each (including freight).

13 Pay cell phone bill previously accrued in the February adjusting journal entries. (check #302)

14 Pay $75 of delivery charges for the three mixers that were sold on February 12. (check #303)

14 Buy four deluxe mixers on account from Kzinski Supply Co. for $2,300, terms n/30.

17 Concerned that there is not enough cash available to pay for all of the mixers purchased, issues additional common stock for $1,000.

18 Pays $80 freight on the March 14 purchase. (check #304)

19 Teaches a class for $150 and collects cash payment

20 Sells two deluxe mixers for $2,300 cash.

28 Issues a check to the assistant. The assistant worked 20 hours in March and is also paid for amounts owing at February 30, 2010. The assistant earns $8 an hour. (check #305)

28 Collects amounts due from customers in the March 12 transaction.

31 Pay Kzinski all amounts due. (check #306)

31 Cash dividends of $750 are paid. (check #307)

Adjusting entries:

As of March 31st, the following adjusting entry data are available.

1. A count of baking supplies reveals that $300 were used in March.

2. Another monthâs worth of depreciation needs to be recorded on the baking equipment bought in January. (Recall that the baking equipment has a useful life of 5 years or 60 months.)

3. One monthâs worth of amortization (write-off) needs to be recorded on the website. (Recall that the

website has a useful life of 2 years or 24 months.)

4. An additional monthâs worth of interest on the loan needs to be accrued. (The interest rate is 9%.)

5. One monthâs worth of insurance has expired.

6. The cell phone bill, $75 is received. The bill is for services provided in March and is due April 15. (Recall that the cell phone is used only for business purposes.)

7. An inventory count of mixers at the end of March reveals three mixers remaining at a cost of $595 each.

blushmuskrat932

[The following informationapplies to the questions displayed below.]

The following trial balancepertains to Benjiâs Grocery as of January 1, 2016:

Account Title	Debit		Credit
Cash	$	64,000
Accountsreceivable		12,000
Merchandiseinventory		90,000
Accountspayable			$	7,500
Common stock				89,000
Retainedearnings				69,500

Total	$	166,000	$	166,000

The following events occurred in2016. Assume that Benjiâs uses the periodic inventory method.

Purchased land for $30,000cash.

Purchased merchandise on accountfor $230,000, terms 1/10 n/45.

Paid freight of $2,100 cash onmerchandise purchased FOB shipping point.

Returned $8,600 of defectivemerchandise purchased in Event 2.

Sold merchandise for $186,000cash.

Sold merchandise on account for$236,000, terms 2/10 n/30.

Paid cash within the discountperiod on accounts payable due on merchandise purchased in Event2.

Paid $28,500 cash for sellingexpenses.

Collected $156,000 of theaccounts receivable from Event 6 within the discount period.

10.

Collected $56,000 of theaccounts receivable but not within the discount period.

11.

Paid $17,100 of other operatingexpenses.

12.

A physical count indicated that $48,300 of inventory was on handat the end of the accounting
period.

Record these transactions in a general journal. (If noentry is required for a transaction/event, select "No journal entryrequired" in the first account field.)

Prepare a schedule of costs of goods sold. (Amounts tobe deducted should be indicated with minus sign.)

Prepare a income statement.

Prepare a statement of changes in stockholdersâ equity.

Prepare a statement of cash flows for 2016. (Amounts tobe deducted should be indicated with minus sign.)

plumchimpanzee381

ACCT 205 Lecture Notes - Lecture 6: Blood Film, White Blood Cell, Platelet

Document Summary

Get access

Related Questions