Davidson and Zhuang, physicians, budgeted for the followingrevenue and expenses for September:Depreciation-equipment.Fringe benefits 44qqqwyzsz. XLease expenseNursing wages qpqVpx.prqPhysicians' salariesPatient revenue PETUELLARATAdministrative support.Utilities.$ 1,8503,3002,5004,50028,00058,5002,200650Prepare a budgeted income statement for the month ending September 30, 2016.

Hello student! A Budgeted Income Statement shows the estimated revenue and expenses to be incurred…

Answered: Davidson and Zhuang, physicians,…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 5.1.1MBA

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Subject : Accounting Classic Hospital bases its budgets on patient-visits. The hospital's static budget forSeptember appears below: Budgeted number of patient-visits ............. 9,8000Budgeted variable overhead costs:Supplies (@ $2.20 per patient-visit) ....... $21,780Laundry (@ $1.10 per patient-visit) ....... 10,890Total variable overhead cost ...................... 32,670Budgeted fixed overhead costs:Salaries.................................................... 30,710Occupancy costs ..................................... 12,000Total fixed overhead cost........................... 42,710 Total budgeted overhead cost .................... $99,000 Actual results for the month were:Actual number of patient-visits.................. 11,000Supplies...................................................... $28,040Laundry ...................................................... $11,640Salaries ....................................................... $32,480Occupancy…
The performance report for taxi # 52 from Co. Teri’s Taxi Service is as follows: Expenditure Current Budget VariantWages $ 2,000 $ 1,800 $ 200 FGasoline $ 300 $ 270 $ 30 FMaintenance $ 200 $ 400 $ 200 UInsurance $ 100 $ 110 $ 10 UTotal $ 2,600 $ 2,580 $ 20 F (U) Unfavorable (F) FavorableBased on this information, what is the possible reason (or reasons) for the variance in the driver's wages: a. A new driver was assigned to drive taxi # 52 on January 5, replacing one who retired after 30 years. b. The taxi was undergoing maintenance and repairs for several days. c. Business was slow, so taxi # 52 was stopped for 2 days. d. All of the above may be possible reasons.
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