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Willow Clinic bases its budgets on patient-visits. During October, the clinic plans for a level of activity of 2,250 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting:     Fixed element per month Variable element per patient-visit Revenue   -   $ 68.00   Personnel expenses $ 24,700   $ 26.00   Medical supplies $ 850   $ 7.40   Occupancy expenses $ 5,550   $ 3.20   Administrative expenses $ 4,250   $ 14.20       Required: Prepare the clinic's planning budget for October

Willow Clinic bases its budgets on patient-visits. During October, the clinic plans for a level of activity of 2,250 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting:     Fixed element per month Variable element per patient-visit Revenue   -   $ 68.00   Personnel expenses $ 24,700   $ 26.00   Medical supplies $ 850   $ 7.40   Occupancy expenses $ 5,550   $ 3.20   Administrative expenses $ 4,250   $ 14.20       Required: Prepare the clinic's planning budget for October

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 4PA: Budgeted income statement and supporting budgets for three months Bellaire Inc. gathered the...
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Willow Clinic bases its budgets on patient-visits. During October, the clinic plans for a level of activity of 2,250 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting:

 

  Fixed element
per month		 Variable element per patient-visit
Revenue   -   $ 68.00  
Personnel expenses $ 24,700   $ 26.00  
Medical supplies $ 850   $ 7.40  
Occupancy expenses $ 5,550   $ 3.20  
Administrative expenses $ 4,250   $ 14.20  
 

 

Required:

Prepare the clinic's planning budget for October. 

Willow Clinic bases its budgets on patient-visits. During October, the clinic plans for a level of activity of 2,250 patient- visits. The clinic has provided the following data concerning the formulas it uses in its budgeting: Variable element per patient- visit $ 68.00 $ 26.00 7.40 Fixed element per month Revenue Personnel expenses Medical supplies Оccupancy eхpenses Administrative $ 24,700 $ $ $ 3.20 850 $ 5,550 $ 4,250 $ 14.20 expenses Required: Prepare the clinic's planning budget for October. Planning Budget For the Month Ended October 31 Budgeted patient- visits 2,250 Revenue Expenses: Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expense Net operating income
Transcribed Image Text:Willow Clinic bases its budgets on patient-visits. During October, the clinic plans for a level of activity of 2,250 patient- visits. The clinic has provided the following data concerning the formulas it uses in its budgeting: Variable element per patient- visit $ 68.00 $ 26.00 7.40 Fixed element per month Revenue Personnel expenses Medical supplies Оccupancy eхpenses Administrative $ 24,700 $ $ $ 3.20 850 $ 5,550 $ 4,250 $ 14.20 expenses Required: Prepare the clinic's planning budget for October. Planning Budget For the Month Ended October 31 Budgeted patient- visits 2,250 Revenue Expenses: Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expense Net operating income
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