Mellow Clinic bases its budgets on patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgetirVariableelement perFixedelementper month patient-visit$60.00RevenuesPersonnel expensesMedical supplies$24,000$6.60$2.40$6,000$5,000Occupancy expensesAdministrative expensesThe behaviour of the revenue and expenses is valid for between 1,500 and 4,000 patient-visits per month.Required:) Prepare a flexible budget for 2,000 and 3,000 patient-visits in a month. (14 marks) You may not need to use all the cells.Patient -visits10 The behaviour of the revenue and expenses is valid for between 1.500 and 4,.000 patient-visits per month1112 Required:13 a) Prepare a flexible budget for 2,000 and 3,000 patient-visits in a month. (14 marks) You may not need to use all the cells.14isPatient -visitsVariableelementper month2,0003,000RevenuesLess: variable expensesMedical suppliesOccupancy expensesTotal variable expensesContribution marginLess: fixed expensesPersonnel expensesOccupancy expensesAdministrative expensesotal fixed expensesN FB1 Answer SheetNew.

In case of fixed cost irrespective of the number of patient visit the cost remain same whereas in…

Fixed Variable element element per per month patient-visit $60.00 Revenues $24,000 Personnel expenses Medical supplies $6.60 $2.40 Occupancy expenses Administrative expenses $6,000 $5,000 The behaviour of the revenue and expenses is valid for between 1,500 and 4,000 patient-visits per month. tequired: Prepare a flexible budget for 2,000 and 3,000 patient-visits in a month. (14 marks) You may not need to use all the cells. Patient -visits

Fixed Variable element element per per month patient-visit $60.00 Revenues $24,000 Personnel expenses Medical supplies $6.60 $2.40 Occupancy expenses Administrative expenses $6,000 $5,000 The behaviour of the revenue and expenses is valid for between 1,500 and 4,000 patient-visits per month. tequired: Prepare a flexible budget for 2,000 and 3,000 patient-visits in a month. (14 marks) You may not need to use all the cells. Patient -visits

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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4
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