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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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