The controller for Rainbow Children's Hospital, located in Munich, Germany, estimates that the hospital uses 37 kilowatt-hours ofelectricity per patient-day, and that the electric rate will be 0.25 euro per kilowatt-hour. The hospital also pays a fixed monthly chargeof 3,200 euros to the electric utility to rent emergency backup electric generators.Required:Construct a flexible budget for the hospital's electricity costs using each of the following techniques.1. Formula flexible budget.2. Columnar flexible budget for 42,000, 52,000 and 62,000 patient-days of activity.Complete this question by entering your answers in the tabs below.Required 1Required 2Formula flexible budget. (Round per unit to 2 decimal places.)Total budgetedmonthlyoverhead costBudgeted variable-overhead cost per xactivity unitTotal activityunitsBugeted fixed+ overhead costper monthpatient days< Prev2 of 3Next >MacBook Pro**233%&+5EY{FGHKValtMOSISOcommandoption The controller for Rainbow Children's Hospital, located in Munich, Germany, estimates that the hospital uses 37 kilowatt-hours ofelectricity per patient-day, and that the electric rate will be 0.25 euro per kilowatt-hour. The hospital also pays a fixed monthly chargeof 3,200 euros to the electric utility to rent emergency backup electric generators.Required:Construct a flexible budget for the hospital's electricity costs using each of the following techniques.1. Formula flexible budget.2. Columnar flexible budget for 42,000, 52,000 and 62,000 patient-days of activity.Complete this question by entering your answers in the tabs below.Required 1Required 2Columnar flexible budget for 42,000, 52,000 and 62,000 patient-days of activity.Patient Days42,00052,00062,000Variable electricity costFixed electricity costTotal electricity cost< Required 1Required 2< Prev2 of 3Next >MacBook Pro#33%244&567ERYFGKCV* CO

Total budgeted monthly overhead cost = Budgeted variable overhead cost per activity unit x Total…

Answered: The controller for Rainbow Children's…

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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