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.

VINYARD CLINICOutput/Input BudgetFor the Month of OctoberExamining suppliesLabor:Nursing servicesPhysician servicesVariable overheadFixed overheadTotal budget

PreviousSave Answers

Next