Please do not give solution in image format thanku 904S63121Willow Clinic bases its budgets on patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgetirRevenuesPersonnel expensesMedical suppliesOccupancy expensesAdministrative expensesevenuesFixedelement$23,900per month patient-visit$52.00$5,150$4,170VariableelementperVariableelementper month$6.60$2.40The behaviour of the revenue and expenses is valid for between 2,000 and 4,000 patient-visits per month.W12 Required:a) Prepare a flexible budget for 2,000 and 3,000 patient-visits in a month.Patient -visitsH2,0003,000You may not need to use all the cells.

A flexible budget - is a type of budget that is changed or adjusted with the changes in the entity's…

8 4 7 9 0 56 3 1 2 Willow Clinic bases its budgets on patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgetir Revenues Personnel expenses Medical supplies Occupancy expenses Administrative expenses evenues Fixed element per month patient-visit $52.00 $23,900 $5,150 $4,170 Variable element per The behaviour of the revenue and expenses is valid for between 2,000 and 4,000 patient-visits per month. $6.60 $2.40 Required: a) Prepare a flexible budget for 2,000 and 3,000 patient-visits in a month. Variable element per month Patient -visits 2,000 3,000 You may not need to use all the cells.

8 4 7 9 0 56 3 1 2 Willow Clinic bases its budgets on patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgetir Revenues Personnel expenses Medical supplies Occupancy expenses Administrative expenses evenues Fixed element per month patient-visit $52.00 $23,900 $5,150 $4,170 Variable element per The behaviour of the revenue and expenses is valid for between 2,000 and 4,000 patient-visits per month. $6.60 $2.40 Required: a) Prepare a flexible budget for 2,000 and 3,000 patient-visits in a month. Variable element per month Patient -visits 2,000 3,000 You may not need to use all the cells.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 4TIF: Evaluating the budgeting system in a service company Childrens Hospital of the Kings Daughters...

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Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $62.90 per patient-visit. Personnel expenses should be $36,400 per month plus $16.50 per patient-visit. Medical supplies should be $2,700 per month plus $11.90 per patient-visit. Occupancy expenses should be $9,100 per month plus $5.50 per patient-visit. Administrative expenses should be $4,600 per month plus $3.60 per patient-visit. The clinic reported the following actual results for November: Patient-visits Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Required: 2,870 $ 199,240 $ 89,320 $ 40,240 $ 19,350 $ 9,750 Prepare a report showing the clinic's revenue and spending variances for November. Label each variance as favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts…
Subject : 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…
TB Problem Qu. 9-368 (Algo) Elvin Hospital bases its budgets on... Elvin Hospital bases its budgets on patient-visits. The hospital's static planning budget for May appears below. Budgeted number of patient-visits Budgeted variable costs: Supplies ( $8.45 per patient-visit) Laundry (@ $7.95 per patient-visit) Budgeted fixed costs: Wages and salaries Occupancy costs Total expense Required: Prepare a flexible budget for 9,400 patient-visits per month. 8,900 $ 75,205 70,755 98,400 80,240 $ 324,600 Elvin Hospital Flexible Budget Actual patient-visits 9,400 Supplies Laundry Wages and salaries Occupancy costs Total expense
Here are the 2015 revenues for the Wendover Group Practice Association for four different budgets (in thousands of dollars): Static Budget Flexible (Enrollment/ Flexible (Enrollment) Actual Utilization) Budget Budget Results $425 $200 $180 $300 a. What do the budget data tell you about the nature of Wendover's patients: Are they capitated or fee-for-service? (Hint: See the note to Exhibit 8.7.) b. Calculate and interpret the following variances: Revenue variance . Volume variance • Price variance Enrollment variance Utilization variance
Mellow Clinic bases its budgets on patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgetir Variable element per Fixed element per month patient-visit $60.00 Revenues Personnel expenses Medical supplies $24,000 $6.60 $2.40 $6,000 $5,000 Occupancy expenses Administrative expenses The 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 -visits 10 The behaviour of the revenue and expenses is valid for between 1.500 and 4,.000 patient-visits per month 11 12 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. 14 is Patient -visits Variable element per month 2,000 3,000 Revenues Less: variable expenses Medical supplies Occupancy expenses Total variable expenses…
26. A hospital has provided you with the following budget information for AprilCash collections P876,000April 1 cash balance 23.000Cash disbursements 978,600The hospital has a policy of maintaining a minimum cash balance of P20,000 and borrowsonly in P1,000 increments. How much will the hospital borrow in April?a. P80,000b. P79,600c. P99,000d. P100,000
Use the following information for Questions 16 & 17 Ibsen Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 3,300 client-visits, but its actual level of activity was 3,340 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses Actual results for December: Revenue Personnel expenses Medical supplies 16. $ 134,170 $ 80,776 $ 17,302 Occupancy expenses $ 15,754 Administrative expenses$ 8,296 17. C. d. Fixed element per month a. b. $0 $ 32,400 $76,620 $77,156 $79,809 $80,776 C. d. 1,500 9,100 6,700 $ 49,700 The personnel expenses in the flexible budget for December would be closest to: a. b. Variable element per client-visit $ 40.00 $13.40 4.80 2.10 0.40 $ 20.70 The net operating income in the flexible budget for December would be closest…
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.
Font Paragraph Styles 6. Assume you are the chief administrator of a small healthcare facility and are comparing the actual cost to the budgeted cost. Prepare a Comparative Analysis of Actual to Budget and write a brief paragraph on how you believe this unit performed during the year. 2021 Actual Difference 2020 Budget Dollars Dollars Dollars Maintenance Expense $300,000.00 $450,000.00 Dietary Expense $615,000.00 $645,000.00 General Services $21,500,000.00 ? $21,200,000.00 ? Supply Expense Total $5,500,000.00 $6,150,000.00
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Capelli Hospital bases its budgets on patient-visits. The hospital's static budget for August appears below: Budgeted number of patient-visits 8,300 Budgeted variable costs: Supplies (@$8.40 per patient-visit) $ 69,720 Laundry (@$8.10 per patient-visit) 67,230 Total variable cost 136,950 Budgeted fixed costs: Wages and salaries 99,630 Occupancy costs 107,630 Total fixed cost 207,260 Total cost $ 344,210 Budgeted number of patient-visits 8,300 Budgeted variable costs: Supplies (@$8.40 per patient-visit) $ 69,720 Laundry (@$8.10 per patient-visit) 67,230 Total variable cost 136,950 Budgeted fixed costs: Wages and salaries 99,630 Occupancy costs 107,630 Total fixed cost 207,260 Total cost $ 344,210 What is total variable cost at activity level of 8,400 patient visits per month?
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