Using the micro to accurately allocate a hospital's departmental overhead.
A major component of standard costing is overhead allocation. Unfortunately, overhead allocation can be complex and difficult. But, at one hospital, this problem was solved with a microcomputer-based technique. The technique, using the spreadsheet Lotus 1-2-3, was logical, simple, and technically sound, allowing the financial manager to more accurately allocate overhead in the standard costing process.
D002309:Cardiology / Q000191:economics; D003201:Computers; D003361:Cost Allocation / Q000379:methods*; D003365:Costs and Cost Analysis / Q000379:methods*; D003626:Data Display; D005376:Financial Management; D005377:Financial Management, Hospital; D005431:Florida; D006745:Hospital Bed Capacity, 300 to 499; D006748:Hospital Departments / Q000191:economics*; D008838:Microcomputers; D008962:Models, Theoretical; D012984:Software