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Chelsea Clinic's actual and budget information for 2020 is listed below, we will use this to calculate the flexible budget. Chelsea had actual visits of
Chelsea Clinic's actual and budget information for 2020 is listed below, we will use this to calculate the flexible budget. Chelsea had actual visits of 100,000 patient visits. Total FFS Visit Volume Budgeted FFS Visit Volume 100,000 visits 90,000 visits Budgeted Variable Costs Variable Budget - Volume : Labor Supplies Variable Budget - Prices: Labor Supplies 48,000 total hours 100,000 total units 25.00 per hour 1.50 per unit $ Actual Variable Costs Actuals - Volume: Labor Supplies Actuals - Prices Labor Supplies 50,000 total hours 150,000 total units $ 28.00 per hour 1.50 per unit Fixed Costs (overhead, plant and equipment) $ 500,000.00 When calculating the flexible budget, we will use the actual volume but the budget rates. Based on this information, calculate the flexible budget for total costs (include the fixed proportion). Round out to the third decimal place Choice: $1,000,000 Choice: $1,980,000 Choice: $2,000,000 Choice: $3,000,000
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