M. Cyrus Rehab Clinic bases its budgets on patient-visits. The clinic's fixed planning budget for November appears below. Note that this fixed budget is based on 8,100 patient-visits: Budgeted number of patient-visits 8,100 Budgeted variable costs: Supplies (@ $4.90 per patient-visit) $39,690 Laundry (@ $4.80 per patient-visit) 38,880 Budgeted fixed costs: Wages and salaries 46,980 Occupancy costs 44,550 Total expense $170,100 Required: Prepare a flexible budget for 8,900 patient-visits per month. Use the template below. Fill in the blanks for each budgeted expense and calculate total expense.
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.
M. Cyrus Rehab Clinic bases its budgets on patient-visits. The clinic's fixed planning budget for November appears below. Note that this fixed budget is based on 8,100 patient-visits: Budgeted number of patient-visits 8,100 Budgeted variable costs: Supplies (@ $4.90 per patient-visit) $39,690 Laundry (@ $4.80 per patient-visit) 38,880 Budgeted fixed costs: Wages and salaries 46,980 Occupancy costs 44,550 Total expense $170,100 Required: Prepare a flexible budget for 8,900 patient-visits per month. Use the template below. Fill in the blanks for each budgeted expense and calculate total expense.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
