Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Professional services budget: dental practice
Central Dental Associates is a large dental practice in Brisbane. The firm's accountant is preparing the budget for next year. He projects a total of 48 000 patient visits throughout the year, of which 6 000 will be in May and 8 000 in June. Eighty per cent of the visits will be half-hour appointments, and the remainder will be one-hour visits. The average fees charged to patients for professional dental services are $160 for half-hour appointments and $280 for one-hour visits. ninety per cent of each month's professional service revenue is collected during the month when services are rendered, and the remainder is collected the month following service. Uncollectable billings are negligible. Central Dental's dentists are paid $200 per hour.
Required:
Question 1. What is the direct labour budget for May and June, which includes total direct professional labour hours and costs.
Question 2. Estimate the budgeted cash receipts for June.
Which provides the best information on profitability: a single overhead cost pool with head- count as the allocation base, or multiple cost pools using headcount, sales, and space occupied?
ACC300 - identify the name of the threat to the Auditor's independence and briefly explain why it is a threat state which Audit opinion should be given
Which inputs are fixed and which are variable in the production function of William's pizza shop? Over what ranges do there appear to be increasing, constant, and/or diminishing returns to the number of workers employed?
Waterway Industries spent $8800 to produce Product 89, which can be sold as is for $11000, or processed further incurring additional costs of $3300and
What percentage growth in current assets is required to support the growth in sales under the percent-of-sales forecasting method?
Explain the reason for any difference in the ending inventories under the two costing methods and the impact of this difference on reported operating income.
What is the minimum acceptable price of this one-time-only special order and what other items should Tamworth Cabinets consider before accepting this one-time-only special order?
Compute the budgeted purchases for the next? (seven-day) week.? (Round the answer to the nearest? dollar.) Kwanzan Industries expect to sell 490 unit of Product
Justify selection of either direct labor hours or direct labor cost as the allocation base.
Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate
Research in management accounting, participation in budgets and cultural considerations. The Super Stationary Company buys and sells stationary products.
Compute the equivalent units of production for October, assuming that the company uses the weighted-average method of accounting for units and costs.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd