Willow Clinic bases its budgets on patient-visits. During October, the clinic plans for a level of activity of 2160 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting: Fixed elementper monthVariable element per patient-visitRevenue - $50.00? Personnel expenses$23,800? $17.00? Medical supplies$760? $6.50? Occupancy expenses$5100? $2.30? Administrative expenses$4160? $5.20? Required:Prepare the clinic's planning budget for October. Willow ClinicPlanning BudgetFor the Month Ended October 31Budgeted patient-visits2160?Revenue?Expenses:? Personnel expenses? Medical supplies? Occupancy expenses? Administrative expenses?Total expense?Net operating income?
What will be an ideal response?
| Willow Clinic |
| Planning Budget |
| For the Month Ended October 31 |
| Budgeted patient-visits | 2160? |
| Revenue | $108,000? |
| Expenses: | ? |
| Personnel expenses | 60,520? |
| Medical supplies | 14,800? |
| Occupancy expenses | 10,068? |
| Administrative expenses | 15,392? |
| Total expense | $100,780? |
| Net operating income | $7220? |
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