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Need ASAP 1b i got this question wrong so please double check with the previous answers before solving. Exercise 9-30 Professional Services Budget; Dental Practice;
Need ASAP 1b
Exercise 9-30 Professional Services Budget; Dental Practice; Activity-Based Budgeting (LO 9-3, 9-4, 9-5) Metropolitan Dental Associates is a large dental practice in Chicago. The firm's controller is preparing the budget for the next year. The controllet projects a total of 48,000 office visits, to be evenly distributed throughout the year. Seventy percent of the visits will be halfhour appointments, and the remainder witl be one hour visits. The averoge rates for professional dental services are $50 for half hour appointments and $110 for one-hour office visits. Ninety percent of each month's professional service revenue is collected during the month when services are rendered, and the remainder is collected the month following service. Uncolfectible billings are negligible. Metropolitan's dental associates earn $80 per hour Metropolitan uses activity-based budgeting to budget office overhead and administrative experises. Two cost drivers are used office visits and direct professional labor. The cost-diver rates are as follows: Required: 1. Prepare the direct-professional tabor budget schedule for the month of June 2. Prepare the budget schedule for cash collections during June for professional services rendered during May and June 3. Prepare the overhead and administrative expense budget schedule for the month of June Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare the direct-professional-labor budget schedule for the month of June. Prepare the budget schedule for cash collections during June for professional servicas rendered during May and June. Complete this question by entering your answers in the tabs below. Prepare the overhead and administrative expense budget schedule for the month of June i got this question wrong so please double check with the previous answers before solving.
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