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 (@$5.20 per patient-visit) $ 49,400 Laundry (@$8.20 per patient-visit) Total variable overhead cost 9,500 Budgeted fixed overhead costs: 77,900 127,300
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.
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![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 (@$5.20 per patient-visit) $ 49,400
Laundry (@$8.20 per patient-visit)
Total variable overhead cost
Budgeted fixed overhead costs:
Wages and salaries
Occupancy costs
Total fixed overhead cost
9,500
Total budgeted overhead cost
77,900
127,300
52,900
85,800
138,700
$ 266,000
The total overhead cost at an activity level of 10,200 patient-
visits per month should be:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F511e41fb-8bcb-40eb-8de5-79d571064fe2%2F672390b8-b000-44f4-8b3d-89eb5b7f170f%2F9xu8wrm_processed.jpeg&w=3840&q=75)
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