Answer:
Keisker Clinic
The personnel expenses in the planning budget for November would be closest to:
= $76,130
Explanation:
a) Data and Calculations:
Estimated client visits = 2,260
Actual client visits = 2,250
Budgeting Data:
Fixed element Variable element
per month per client-visit
Revenue $ 0 $ 54.70
Personnel expenses $ 29,800 $ 20.50
Medical supplies 760 9.30
Occupancy expenses 7,160 2.60
Administrative expenses 4,860 0.70
Total expenses $ 42,580 $ 33.10
Actual results for November:
Revenue $ 121,589
Personnel expenses $ 66,865
Medical supplies $ 19,823
Occupancy expenses $ 11,570
Administrative expenses $ 5,659
Total $225,506
The personnel expenses in the planning budget for November would be closest to:
= $ 29,800 + ($ 20.50 * 2,260) = $76,130
This amount is based on the estimated or budgeted client-visits and not the actual client-visits for the month.
