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Lacob Sports Medicine, Inc., offers two types of physical exams for students: the basic physical and the extended physical. The charge for the basic physical
Lacob Sports Medicine, Inc., offers two types of physical exams for students: the basic physical and the extended physical. The charge for the basic physical is $90, while the charge for the extended physical is $175. Lacob expects to perform 215 basic physicals and 200 extended physicals in July, 230 basic and 240 extended in August, and 120 basic and 95 extended in September. Prepare the sales budget for the service revenue expected from the physical exams performed for the second quarter (July through September), with a column for each month and for the quarter in total. Complete the sales budget one step at a time. Lacob Sports Medicine, Inc. Service Revenue Budget For the Months of July through September July August Number of exams performed (basic) Multiply by: Price per exam Service revenue (basic) September Quarter Number of exams performed (extended) Multiply by: Price per exam Service revenue (extended) Total service revenue
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