5 Merry Meadows provides non-acute inpatient care. They have 2 departments:Short term care for patients transitioning from an inpatient hospital stay andlong-term skilled nursing for patients who need full time help with activities indaily living and managing their health needs.Fixed costs for Merry Meadows include $10,000 per month Mortgage payment.There is an administrator, who earns $75,000 per year. Short term care has 3nurses who earn $60,000 per year each and 6 nursing aides who earn $40,000per year each. Long term care has 2 nurses who earn $60,000 per year eachand 10 nursing aides who earn $40,000 per year each.Merry Meadows contracts for maintenance @ $3000 per month for the entirefacility. Utilities are $1000 per month.Variable costs include food/dietary services.Short term careLong term careEstimated patient daysfor 20215500 patient days9125Reimbursement$350 per patient day$300 per patient dayFood/Dietary$25 per patient day$25 per patient dayWhat was the 2021 Cost Variance?

Variance analysis is a method of evaluating the difference between actual performances and planned…

Answered: Merry Meadows provides non-acute…

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 39P

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