During September, Ferman Clinic budgeted for 3,800 patient-visits, but its actual level of activity was 4,100 patient-visits. The clinic uses the following revenue and cost formulas in its budgeting, where q is the number of patient-visits:Revenue: $21.60qPersonnel expenses: $22,600 + $6.60qMedical supplies: $1,000 + $2.60qOccupancy expenses: $6,000 + $0.90qAdministrative expenses: $4,300 + $0.30qRequired:Prepare the clinic's flexible budget for September based on the actual level of activity for the month.
What will be an ideal response?
| ? | ? | |
| Ferman Clinic | ||
| Flexible Budget | ||
| For the Month Ended September 30 | ||
| Actual patient-visits (q) | 4,100 | |
| Revenue ($21.60q) | $ | 88,560 |
| Expenses: | ||
| Personnel expenses ($22,600 + $6.60q) | 49,660 | |
| Medical supplies ($1,000 + $2.60q) | 11,660 | |
| Occupancy expenses ($6,000 + $0.90q) | 9,690 | |
| Administrative expenses ($4,300 + $0.30q) | 5,530 | |
| Total expense | 76,540 | |
| Net operating income | $ | 12,020 |
You might also like to view...
The ________ program allows U.S. employers who meet specific regulatory requirements to bring foreign nationals to the United States to fill ________ jobs
A) A1-A; manufacturing B) H-2A; agricultural C) A1-A; food service D) H-2A; construction
The law does not restrict the "fair use" ofmethods for the circumvention of encryption software or other technological antipiracy protection for educational and other noncommercial purposes
Indicate whether the statement is true or false
"When you know yourself, you are comfortable with your strengths and not crippled by your shortcomings...." This is
A. hindsight. B. self-awareness. C. common sense. D. objectivity. E. a soft skill.
If a firm needs to increase its cash holdings it could:
A) increase fixed assets. B) decrease accounts payable. C) decrease long-term debt. D) increase other current assets. E) increase current liabilities.