he controller for Rainbow Children's Hospital, located in Munich, Germany, estimates that the hospital uses 31 kilowatt-hours of electricity per patient-day, and that the electric rate will be 0.19 euro per kilowatt-hour. The hospital also pays a fixed monthly charge of 2,600 euros to the electric utility to rent emergency backup electric generators.

Required:

Construct a flexible budget for the hospital's electricity costs using each of the following techniques.

Formula flexible budget.

Columnar flexible budget for 36,000, 46,000 and 56,000 patient-days of activity.