Three rivers dental associates trda is a large dental

Reference no: EM13483404

Three Rivers Dental Associates (TRDA) is a large dental practice in Pittsburgh. The firm's controller is preparing the budget for the next year. The controller projects a total of 42,000 office visits, to be evenly distributed throughout the year. Seventy percent of the visits will be half-hour appointments, and the remainder will be one-hour visits. The average rates for professional dental services are $50 for half-hour appointments and $100 for one-hour office visits. Ninety percent 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. Uncollectible billings are negligible. TRDAs dental associates earn $80 per hour.

TRDA uses activity-based budgeting to budget office overhead and administrative expenses. Two cost drivers are used: office visits and direct professional labor. The cost-driver rates are as follows:


Patient registration and records	$	3.10	per office visit (of any length)
All other overhead and administrative expenses	$	6.00	per direct professional labor hour

Prepare the direct-professional-labor budget schedule for the month of June.

Prepare the budget schedule for cash collections during June for professional services rendered during May and June.

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

Reference no: EM13483404

Questions Cloud

Yellow company uses a plantwide overhead rate with machine : yellow company uses a plantwide overhead rate with machine hours as the allocation base. use the following information

Xyz corporation bonds pay a coupon rate of interest of 12 : xyz corporation bonds pay a coupon rate of interest of 12 percent annually and have a maturity value of 1000. the

Thus becoming 35 days past due-without a penalty because : the thompson corporation projects an increase in sales from 1.5 million to 2 million but it needs an additional 300000

Formula hint the equation that relates levered and : jupiter incorporated is interested in acquiring mercury limited a privately held firm whose owner desires to retire.

Three rivers dental associates trda is a large dental : three rivers dental associates trda is a large dental practice in pittsburgh. the firms controller is preparing the

Determine the beta of a portfolio consisting of equal : determine the beta of a portfolio consisting of equal investments security beta a t amp t .90 bank of america 1.10

Trail guides inc is currently evaluating two mutually : trail guides inc. is currently evaluating two mutually exclusive investment. after doing a scenario analysis and

If the firm did not take discounts but it did pay on the : suppose a firm makes purchases of 3.65 million per year under terms of 210 net 30 and takes discounts.a. what is the

Which of the following is a question or questions asked : which of the following is a question or questions asked when assessing task performance and group maintenance

User Account

All Pages