Question
Question text 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
Question text
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 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 Clinic
Output/Input Budget
For the month of October
Examining Supplies $ _____
Labor:
Nursing services: $____ $_____
Physician services $____ $_____
Variable overhead $_____
Fixed overhead $_____
Total budget $_____
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