as 4 minutes ago IE 10 + B 7 VA 62 EE TE LO 2 3. 4. 8 The hospital has hired a new CFO who believes every cost and revenue center should construct flexible budgets reflecting forecasted output and the final budget should be based on actual output. A The urgent care manager must resubmit her budget based on 2019 projected visits. The 2019 budget should be based on actual expenses and visits incurred during the first seven months of 2018. Cost standards (2018) and budget standards (2019) must be prepared for all variable costs (indicated by a V behind the object code description). All fixed costs (F) should be projected using the incremental budgeting methodology Projected visits is 2019 is 52,560. Salary and fringe benefit (object codes 4000-4199) increases for a personnel should be estimated at 40% except for health insurance (4120) which is expected to increase by 8%, input price increases for supplies and other costs (4200-4960) should be increased by 3% except for medications, 5% increase and profession insurance, 10% All increases are effective January 1, 2019 The budget report BudgetCh06, Problem 6.1 tab, shows the urgent care centers expenses for 2016 and the actual and budgeted expenses for the first seven months of 2018. The CEO has requested all department heads submit their 2019 operating budget by Wednesday, March 15, 2021. The 2019 fiscal year begins January 1, 2019 Total Visits 51.986 30,331 30,672 52,560 Obil Code Description 4010 Physician salaries - 4020 Nursing staff salaries 4030 Management & clerkal sacanes 4110 FICA E F 4120 Health Insurance 4130 Retirement- 4140 Unemployment 4211 Medications- 4212 Medicinstruments - 4214 Bandages, gaude. 4216 Latex gloves, owns 4256 Sterile wipes 4250 Otice Supplies 4280 Cleaning supplies 1910 Rent 1999 Malntenance HO Etricity TL 10 GER BO Material Teleno RA 2017 S960,000 1,380.000 780,000 238,680 390.000 124.800 31,200 149.152 102,792 57:468 40 416 26.920 115 200 39.048 144.000 131964 10188 504 758 13:22 51000 09 22380 Artual 2018 Budget 2018 Budget 2012 $585,306 5576,800 857.157 829. 150 466.971 468,650 143.397 143,407 238.760 234 325 76.763 74.984 18 323 18.746 91 687 89,015 64 287 61.763 34 140 34 529 24.476 24 283 15.780 16.114 69.898 69,216 23 103 23.451 B9251 85,520 111245 8.2.70 6683 S2 11315 1119 25 4959 2008 1939 64 630 72 198 16 10 as 4 minutes ago IE 10 + B 7 VA 62 EE TE LO 2 3. 4. 8 The hospital has hired a new CFO who believes every cost and revenue center should construct flexible budgets reflecting forecasted output and the final budget should be based on actual output. A The urgent care manager must resubmit her budget based on 2019 projected visits. The 2019 budget should be based on actual expenses and visits incurred during the first seven months of 2018. Cost standards (2018) and budget standards (2019) must be prepared for all variable costs (indicated by a V behind the object code description). All fixed costs (F) should be projected using the incremental budgeting methodology Projected visits is 2019 is 52,560. Salary and fringe benefit (object codes 4000-4199) increases for a personnel should be estimated at 40% except for health insurance (4120) which is expected to increase by 8%, input price increases for supplies and other costs (4200-4960) should be increased by 3% except for medications, 5% increase and profession insurance, 10% All increases are effective January 1, 2019 The budget report BudgetCh06, Problem 6.1 tab, shows the urgent care centers expenses for 2016 and the actual and budgeted expenses for the first seven months of 2018. The CEO has requested all department heads submit their 2019 operating budget by Wednesday, March 15, 2021. The 2019 fiscal year begins January 1, 2019 Total Visits 51.986 30,331 30,672 52,560 Obil Code Description 4010 Physician salaries - 4020 Nursing staff salaries 4030 Management & clerkal sacanes 4110 FICA E F 4120 Health Insurance 4130 Retirement- 4140 Unemployment 4211 Medications- 4212 Medicinstruments - 4214 Bandages, gaude. 4216 Latex gloves, owns 4256 Sterile wipes 4250 Otice Supplies 4280 Cleaning supplies 1910 Rent 1999 Malntenance HO Etricity TL 10 GER BO Material Teleno RA 2017 S960,000 1,380.000 780,000 238,680 390.000 124.800 31,200 149.152 102,792 57:468 40 416 26.920 115 200 39.048 144.000 131964 10188 504 758 13:22 51000 09 22380 Artual 2018 Budget 2018 Budget 2012 $585,306 5576,800 857.157 829. 150 466.971 468,650 143.397 143,407 238.760 234 325 76.763 74.984 18 323 18.746 91 687 89,015 64 287 61.763 34 140 34 529 24.476 24 283 15.780 16.114 69.898 69,216 23 103 23.451 B9251 85,520 111245 8.2.70 6683 S2 11315 1119 25 4959 2008 1939 64 630 72 198 16 10