Vinyard Clinic has the following resource input information available for a routine physical examination.

$$ Each exam normally requires $0\mathrm{.}75$ hours of examining room time, including

$30$ minutes of nursing services,

$15$ minutes of physician services

$$ Each exam also utilizes one package of examination supplies costing $$50$ each.

$$ Including benefits, physicians earn $$90/$hour and nurses earn $$35/$hour$.$

$$ Variable overhead is budgeted at $$15$ per examining room hour and fixed overhead is budgeted at $$8,000$ 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.Output$/$Input Budget

Vinyard Clinic has the following resource input information available for a routine physical examination.

Each exam normally requires $0\mathrm{.}75$ hours of examining room time, including

$30$ minutes of nursing services,

$15$ minutes of physician services

Each exam also utilizes one package of examination supplies costing $$50$ each.

Including benefits, physicians earn $$\frac{90}{?}$ hour and nurses earn $$\frac{35}{?}$ hour.

Variable overhead is budgeted at $$15$ per examining room hour and fixed overhead is budgeted at $$8,000$ 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.