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Answer this urgently Q.1. The rivers dental associates are a large dental practice in Pittsburgh. The firm's controller is preparing the budget for the next

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Q.1. The rivers dental associates are a large dental practice in Pittsburgh. The firm's controller is preparing the budget for the next tear. The controller projects a total of 48000 office visits to be evenly distributed throughout the year. Eighty percent of the visits will be half hour appointments, and the remainder will be one hour visits. The average rates for professional dental service are $60 for half appointments and $105 for one hour office visits. Ninety percent of each month's professional services revenue is collected during the month when service is rendered, and the remainder is collected the month following service. Uncollectable billings are negligible metropolitan's dental associates earn $90 per hour. Metropolitan uses activity based budgeting to budget office overhead and administrative expenses. Two cost drivers are used: office visits and direct professional labor. The cost driver rates are as follows: Patient registration and recode $3.00 per office visit (of any length) All other overhead and administrative expenses $7.50 per direct professional labor hour Required: Prepare the following budget schedule: a) Direct professional labor budget for the month of June b) Cash collection during June for professional services rendered during May and June. c) Overhead and administrative expense budget for the month of June

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