What would the cost drivers be?
Greenbelt Hospital has the following activities in its value chain of providing service to each inpatient admission:
1. Schedule patient. Direct Labor 2. Verify insurance. 3. Admit patient. 4. Prepare patient's room. 5. Review doctor's report. 6. Feed patient. 7. Order tests. 8. Move to/from laboratory. 9. Administer lab tests. 10. Order pharmaceuticals. 11. Complete patient report. 12. Check patient's vital signs. 13. Prepare patient for operation. 14. Move to/from operating room. 15. Operate. 16. Collect charges. 17. Discharge patient. 18. Bill insurance.
Required: Assume that the cost object is the individual patient. Determine the appropriate cost driver(s) for each activity.