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What is the sales budget? Lacob Sports Medicine, Inc., offers two types of physical exams for students: the basic physical and the extended physical. The
What is the sales budget?
Lacob Sports Medicine, Inc., offers two types of physical exams for students: the basic physical and the extended physical. The charge for the basic physical is $70, while the charge for the extended physical is $160. Lacob expects to perform 220 basic physicals and 155 extended physicals in July, 250 basic and 210 extended in August, and 80 basic and 105 extended in September. Prepare the sales budget for the service revenue expected from the physical exams performed for the second quarter (July through September), with a column for each month and for the quarter in total. Complete the sales budget one step at a time. Lacob Sports Medicine, Inc. Service Revenue Budget For the Months of July through September July August September Quarter Number of exams performed (basic) Multiply by: Price per exam Service revenue (basic) Number of exams performed (extended) Multiply by: Price per exam Service revenue (extended) Total service revenueStep by Step Solution
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