Overhead and administrative expense budget

Assignment Help Managerial Accounting

Reference no: EM13918633

DATA INPUT

Total annual office visits 48,000

1/2 Hour appointments 80%

Average rate for 1/2-hour visits $60

1 Hour appointments 20%

Average rate for 1-hour visits $105

Revenue collected during month when services are rendered 90%

Revenue collected the month following when services are rendered 10%

Dental associates earn $90 per hour

Cost-driver rates are as follows:

Patient registration and records $3.00 per office visit (of any length)

All other overhead and administrative expenses $7.50 per direct professional labor hour

SOLUTION

1. Direct professional labor budget schedule for the month of June:

Professional services in June:

3200 1/2 Hora 3.75 12000

800 1 Hora 7.5 6000

2. Cash collections during June for professional services rendered during May and June:

May June

3. Overhead and administrative expense budget schedule for the month of June.

Reference no: EM13918633

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