Willow Clinic bases its budgets on patient-visits. During October, the clinic plans for a level of activity of 2,100 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting: Fixed elementper monthVariable element per patient-visitRevenue - $38.00 Personnel expenses$23,200 $11.00 Medical supplies$700 $5.90 Occupancy expenses$4,800 $1.70 Administrative expenses$4,100 $0.10 ?Required:?Prepare the clinic's planning budget for October.
What will be an ideal response?
| Willow Clinic | ||
| Planning Budget | ||
| For the Month Ended October 31 | ||
| Budgeted patient-visits (q) | 2,100 | |
| Revenue ($38.00q) | $ | 79,800 |
| Expenses: | ||
| Personnel expenses ($23,200 + $11.00q) | 46,300 | |
| Medical supplies ($700 + $5.90q) | 13,090 | |
| Occupancy expenses ($4,800 + $1.70q) | 8,370 | |
| Administrative expenses ($4,100 + $0.10q) | 4,310 | |
| Total expense | 72,070 | |
| Net operating income | $ | 7,730 |
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