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**Sharmi Hospital's Budget for Patient-Visits** The hospital uses patient-visits to base its budget. Below is the static budget for October: - **Budgeted number of patient-visits:** 8,300 - **Budgeted variable overhead costs:** - Supplies (@ $5.80 per patient-visit): $48,140 - Laundry (@ $8.80 per patient-visit): $73,040 - **Total variable overhead cost:** $121,180 - **Budgeted fixed overhead costs:** - Wages and salaries: $54,400 - Occupancy costs: $86,700 - **Total fixed overhead cost:** $141,100 - **Total budgeted overhead cost:** $262,280 **Note:** The total overhead cost at an activity level of 9,000 patient-visits per month should be answered from the following options: - $284,400 - $274,180 - $272,500

**Sharmi Hospital's Budget for Patient-Visits** The hospital uses patient-visits to base its budget. Below is the static budget for October: - **Budgeted number of patient-visits:** 8,300 - **Budgeted variable overhead costs:** - Supplies (@ $5.80 per patient-visit): $48,140 - Laundry (@ $8.80 per patient-visit): $73,040 - **Total variable overhead cost:** $121,180 - **Budgeted fixed overhead costs:** - Wages and salaries: $54,400 - Occupancy costs: $86,700 - **Total fixed overhead cost:** $141,100 - **Total budgeted overhead cost:** $262,280 **Note:** The total overhead cost at an activity level of 9,000 patient-visits per month should be answered from the following options: - $284,400 - $274,180 - $272,500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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**Sharmi Hospital's Budget for Patient-Visits** The hospital uses patient-visits to base its budget. Below is the static budget for October: - **Budgeted number of patient-visits:** 8,300 - **Budgeted variable overhead costs:** - Supplies (@ $5.80 per patient-visit): $48,140 - Laundry (@ $8.80 per patient-visit): $73,040 - **Total variable overhead cost:** $121,180 - **Budgeted fixed overhead costs:** - Wages and salaries: $54,400 - Occupancy costs: $86,700 - **Total fixed overhead cost:** $141,100 - **Total budgeted overhead cost:** $262,280 **Note:** The total overhead cost at an activity level of 9,000 patient-visits per month should be answered from the following options: - $284,400 - $274,180 - $272,500
Transcribed Image Text:**Sharmi Hospital's Budget for Patient-Visits** The hospital uses patient-visits to base its budget. Below is the static budget for October: - **Budgeted number of patient-visits:** 8,300 - **Budgeted variable overhead costs:** - Supplies (@ $5.80 per patient-visit): $48,140 - Laundry (@ $8.80 per patient-visit): $73,040 - **Total variable overhead cost:** $121,180 - **Budgeted fixed overhead costs:** - Wages and salaries: $54,400 - Occupancy costs: $86,700 - **Total fixed overhead cost:** $141,100 - **Total budgeted overhead cost:** $262,280 **Note:** The total overhead cost at an activity level of 9,000 patient-visits per month should be answered from the following options: - $284,400 - $274,180 - $272,500
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Total cost = Variable cost + Fixed cost.

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