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Output/Input Budget Vinyard Clinic has the following resource input information available for a routine physical examination. Each exam normally requires 1.25 hours of examining room
Output/Input Budget Vinyard Clinic has the following resource input information available for a routine physical examination. Each exam normally requires 1.25 hours of examining room time, including: 45 minutes of nursing services, 30 minutes of physician services . Each exam also utilizes one package of examination supplies costing $31 each. Including benefits, physicians earn $76/hour and nurses earn $33/hour. Variable overhead is budgeted at $36 per examining room hour and fixed overhead is budgeted at $6,500 per month. Required Prepare an output/input budget for October when 500 routine examinations are planned. Discuss some of the likely benefits to Vinyard Clinic of dedicating time to go through the budgeting process. 15,500 VINYARD CLINIC Output/Input Budget For the Month of October Examining supplies $ Labor: Nursing services $ 12,375 Physician services 19,000 Variable overhead Fixed overhead Total budget 27,875 x 22.500 7,500 X $ 0 X
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