Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5. Blockmon Hospital bases its budgets on patient-visits. The hospital's static planning budget for November appears below: Budgeted number of patient-visits 8,900 Budgeted variable costs:
5. Blockmon Hospital bases its budgets on patient-visits. The hospital's static planning budget for November appears below: |
Budgeted number of patient-visits | 8,900 | |
Budgeted variable costs: | ||
Supplies (@ $8.45 per patient-visit) | $ | 75,205 |
Laundry (@ $7.95 per patient-visit) | 70,755 | |
Budgeted fixed costs: | ||
Wages and salaries | 98,400 | |
Occupancy costs | 80,240 | |
Total expense | $ | 324,600 |
Required: |
Prepare the flexible budget for 9,400 patient-visits per month. (Omit the "$" sign in your response.) |
Cost Formula (per patient-visit) | Flexible Budget Based on 9,400 Patient-Visits | |
Variable costs: | ||
Supplies | $ 8.45 | $ |
Laundry | 7.95 | |
Fixed costs: | ||
Wages and salaries | ||
Occupancy costs | ||
Total expense | $ | |
I need to find supplies(variable cost), laundry(variable cost), wages and salaries(fixed cost), occupancy cost (fixed cost), and total expense |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started