Davidson and Zhuang, physicians, budgeted for the following revenue and expenses for September: Depreciation-equipment. Fringe benefits 44qqqwyzsz. X Lease expense Nursing wages qpqVpx.prq Physicians' salaries Patient revenue PETUELLARAT Administrative support. Utilities. $ 1,850 3,300 2,500 4,500 28,000 58,500 2,200 650 Prepare a budgeted income statement for the month ending September 30, 2016.
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- Please include formulasSubject : 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.
- Customers balance December 31, 2023 om customers e balance, March 31, 2024: cted in 2nd Ot 2024 Data table Total sales Budgeted purchases of direct matenal Budgeted direct labor cost Budgeted manufacturing overhead costs Variable manufacturing overhead Depreciation Insurance and property taxes Budgeted selling and administrative expenses Salaries expense Rent expense Insurance experese Depreciation experie Supples expense Print Done 208.000 40,900 37,500 1,100 1.200 6,700 4,000 1,000 1,400 6.240Liters of blood collected Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Total expense Cost Control Report For the Month Ended September 30 Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Liters of blood collected Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Total expense Actual Results The following cost formulas were used to construct the planning budget: Cost Formulas 610 $ 7,203 5, 081 The managing director of the blood bank was very unhappy with this report, claiming that his costs were higher than expected due to the emergency on the neighboring islands. He also pointed out that the additional costs had been fully covered by payments from grateful recipients on the other islands. The government official who prepared the report countered that all of the figures had been submitted by the blood bank to the government; he was just pointing out that actual costs were a lot higher than…Please do not give solution in image format thanku
- EXHI Meals for the Homeless Statement of Functional Expenses for the Year Ending December 31, 2023 Program Services Support Services Meals Counseling and General Fundraising Management Total Bxpenses Salaries and benefits $35,000 $35,000 $40,000 17,000 $17,000 $127,000 Food Supplies and brochures 2,000 1,000 17,000 1,000 2,000 5,000 Office expenses 1,000 6,000 1,000 3,000 14,000 1,000 10,000 2,000 Rent 1,000 18,000 Professional fees 3,000 3,000 Depreciation 10,000 10,000 Total expenses $83,000 $38,000 $47,000 $23,000 $191,000 Providing information about the underlying nature of expenses gives the user additional insight. Where does Meals' program money go? Is it for food? Does the vast majority of its money go for labor? These questions can be answered using the information in Exhibit 11-4. The analysis of expenses by function and nature is particularly helpful to the user in gain- ing insight into the operations of an organization.An electrical repair service company has produced the following budget for the year ahead: Office repairs House repairs Total £ £ Received from customers Variable costs Fixed costs (apportioned) Profit (loss) 45,000 (24,000) (7,000) 14,000 24,000 (18,000) (8,000) (2,000) 69,000 (42,000) (15,000) 12,000 The fixed costs, which relate to rent and insurance, will be incurred irrespective of the type of activity carried out. Which of the following decisions is supported by the information in the table? A) If the company ceases to carry out house repairs, it will increase total profit from 12,000 to 14,000 B) If the company ceases to carry out house repairs, it will increase total profit from 12,000 to 18,000 C) If the company ceases to carry out house repairs, it will reduce total profit from 12,000 to 6,000 D) If the company ceases to carry out house repairs, it will reduce total profit from 12,000 to 4,0004. Use the following terms in preparing the budget: Insurance Maintenance Utilities Depreciation Expense Sales Commissions Depreciation Indirect Material Maintenance Salaries Indirect Labor Supervisory Salaries Sales Salaries Insurance Expense Spree Party Lights overhead expenses are: Indirect material, pounds per unit 0.25 Indirect material, cost per pound $ 2 Indirect labor hours 1 Indirect labor rate per hour $16.50 Variable maintenance per unit $0.75 Variable utilities per unit $0.20 Supervisor salaries $10,000 Maintenance salaries $9,000 Insurance $3,000 Depreciation $1,500 PLEASE NOTE: All dollar amounts are rounded to whole dollars and shown…
- 2. AP Sutton's Electronic Repair Shop has budgeted the following time and material for 2020. d Sutton's Electronic Repair Shop Budgeted Costs for the Year 2020 Time Charges Material Loading Charges Aatici, Shop employees' wages and benefits $108,000 Parts manager's salary and benefits $25,400 - Office employee's salary and benefits 13,600 23,500 Overhead (supplies, depreciation, advertising, utilities) 26,000 16,000 Total budgeted costs Sutton's budgets 5,000 hours of repair time in 2020 and will bill a profit of $10 per labor hour along with a 25% profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $100,00o. $157,500 $55,000 ect 15 On January 5, 2020, Sutton's is asked to submit a price estimate to fix a 72-inch flat- screen TV. Sutton's estimates that this job will consume 4 hours of labor and $200 in parts. Instructions a. Compute the labor rate for Sutton's Electronic Repair Shop for the year 2020. b. Compute the material loading charge…nku.3am. 103.