Budgeted number of patient-visits Budgeted variable overhead costs: Supplies (@$6.00 per patient-visit) Laundry (@$9.00 per patient-visit) Total variable overhead cost Budgeted fixed overhead costs: Wages and salaries Occupancy costs Total fixed buda overhead cost verbond cost 7,700 $ 46,200 69,300 115,500 54,900 87,000 141,900 $ 257,400
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
![Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for
October appears below:
Budgeted number of patient-visits
Budgeted variable overhead costs:
Supplies (@$6.00 per patient-visit)
Laundry (@$9.00 per patient-visit)
Total variable overhead cost
Budgeted fixed overhead costs:
Wages and salaries
Occupancy costs
Total fixed overhead cost.
Total budgeted overhead cost
Multiple Choice
The total overhead cost at an activity level of 8,400 patient-visits per month
should be:
O
$280,800
$270,300
$267,900
7,700
$ 46,200
69,300
115,500
$257,400
54,900
87,000
141,900
$ 257,400](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4119fedc-b5ba-442d-99f8-6b329401f211%2F87a1f88f-4dee-4b9a-83bd-e79bd9a0a325%2Fwxmkr4_processed.jpeg&w=3840&q=75)
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