Question
Please attached Table, Additional information: In the year 2020: ? Bed days planned are 35 000 ? Nursing and medical pay are expected to rise
Please attached Table,
Additional information:
In the year 2020:
? Bed days planned are 35 000
? Nursing and medical pay are expected to rise by 3%
? Management and administration pay are not expected to rise
? All other costs are expected to rise by 5% Assume that management costs are fixed but that all other costs are variable. Assume also that all pay rises take effect on 01 January 2020.
Required:
2.1. Calculate the increases in activity and in cost levels to arrive at the budget for the year 2020. (20)
Can you please show how to get to the answer especially
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