During February, Barreca Clinic plans for an activity level of 2,700 patient-visits. The clinic uses the following revenue and cost formulas in its budgeting, where q is the number of patient-visits:Revenue: $49.10qPersonnel expenses: $34,100 + $13.20qMedical supplies: $1,300 + $9.40qOccupancy expenses: $8,300 + $1.40qAdministrative expenses: $6,100 + $0.30q Required:Prepare the clinic's planning budget for February.
What will be an ideal response?
| Barreca Clinic | ||
| Planning Budget | ||
| For the Month Ended February 28 | ||
| Budgeted patient-visits (q) | 2,700 | |
| Revenue ($49.10q) | $ | 132,570 |
| Expenses: | ||
| Personnel expenses ($34,100 + $13.20q) | 69,740 | |
| Medical supplies ($1,300 + $9.40q) | 26,680 | |
| Occupancy expenses ($8,300 + $1.40q) | 12,080 | |
| Administrative expenses ($6,100 + $0.30q) | 6,910 | |
| Total expense | 115,410 | |
| Net operating income | $ | 17,160 |
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