Dr. Charles Davis, MD, performs a certain outpatient procedure for $1,000. His fixed costs are $20,000,...
Dr. Charles Davis, MD, performs a certain outpatient procedure for $1,000. His fixed costs are $20,000, while his variable costs are $500 per procedure. Dr. Davis currently plans to perform 200 procedures this month. What is the budgeted profit (operating income) for the month assuming that Dr. Davis plans to perform the procedure 200 times?
|
$200,000 |
||
|
$100,000 |
||
|
$80,000 |
||
|
$40,000 |
Homework Answers
The budgeted profit (operating income) for the month is $80,000. if Dr.Davis paln s to perform the procedure 200 times.
Expalation:-
Calcultion of Budgeted profit (Operating Profit)
Description $ $
Revenue from Operation($1000×200 procedure) 200000
Less:-
Total Varriable cost($500×200 procedure) 100000
Total Fixed Cost (Given) 20000 120000
Budgeted profit(Operating Profit) 80000
Here,in this problem Fixed cost remain constant irrespective ot the no of procedure done by Dr.Davis but varriable cost will be calculated on the basis of operation procedure done by him since it is depends upon the no of quantity multiplied by per unit cost.
Add Answer to:
Dr. Charles Davis, MD, performs a certain outpatient procedure
for $1,000. His fixed costs are $20,000,...
Dr. Charles Davis, MD, performs a certain outpatient procedure for $1,000. His fixed costs are $20,000,...
Dr. Charles Davis, MD, performs a certain outpatient procedure for $1,000. His fixed costs are $20,000, while his variable costs are $500 per procedure. Dr. Davis currently plans to perform 200 procedures this month. What is the breakeven point for the month assuming that Dr. Davis plans to perform the procedure 200 times? 40 times 30 times 20 times 10 times
not change Question 8 3 pts Dr Bob Choppencut performs a certain outpatient procedure for $1000....
not change Question 8 3 pts Dr Bob Choppencut performs a certain outpatient procedure for $1000. He has rent of $1,000 per month. He has salary to his receptionist of $2000 per month. Each procedure costs him $500. He also has medical insurance each month of $17000 (he has had a few claims in the past that has increased his premium). He currently plans to do 90 procedures this month. What is his margin of safety in terms of revenue?...
EARRINGS UNLIMITED CASE You have just been hired as a new management trainee by Earrings Unlimited,...
EARRINGS UNLIMITED CASE You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash. Since you are well trained in budgeting you have decided to prepare comprehensive budgets for the upcoming second quarter in order to...
Fleda's Beauty Company has $200,000 of total assets and earns 20 percent interest and taxes on...
Fleda's Beauty Company has $200,000 of total assets and earns 20 percent interest and taxes on these assets. The ratio of total debts to total assets (or DR been set at 50 percent. The interest rate on short-term debt is 7 percent, while the interest rate on long-term debt is 10 percent. A conservative policy calls for only long-term debt with no short-term debt; an intermediate policy calls for 50 percent short-term debt and 50 percent long-term debt; and an...
Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as...
Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as a deductible medical expense? A. Cost of long-term care for a developmentally disabled person in a relative’s home. B. Special school for a deaf child to learn lip reading. C. Cost of elevator installed for individual who had heart bypass surgery (in excess of increase in value of individual’s home). D. Cost and care of guide dogs used by a blind person in his...
First 4 pictures are the case, please answer these! Case 12-3 Plastic Cable Clips In mid-September...
First 4 pictures are the case,
please answer these!
Case 12-3 Plastic Cable Clips In mid-September Robyn Pemberton, purchasing officer in the laundry division of Fisher & Paykel Limited, lo- cated in Auckland, New Zealand, was wondering which procurement option made most sense for the plastic cable clips requirements for the new line of washing machines. THE LAUNDRY DIVISION Fisher & Paykel Limited was the largest home appliance manufacturer in New Zealand with sales of its major ap- pliances amounting...
not change Question 8 3 pts Dr Bob Choppencut performs a certain outpatient procedure for $1000. He has rent of $1,000 per month. He has salary to his receptionist of $2000 per month. Each procedure costs him $500. He also has medical insurance each month of $17000 (he has had a few claims in the past that has increased his premium). He currently plans to do 90 procedures this month. What is his margin of safety in terms of revenue?...
EARRINGS UNLIMITED CASE You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash. Since you are well trained in budgeting you have decided to prepare comprehensive budgets for the upcoming second quarter in order to...
Fleda's Beauty Company has $200,000 of total assets and earns 20 percent interest and taxes on these assets. The ratio of total debts to total assets (or DR been set at 50 percent. The interest rate on short-term debt is 7 percent, while the interest rate on long-term debt is 10 percent. A conservative policy calls for only long-term debt with no short-term debt; an intermediate policy calls for 50 percent short-term debt and 50 percent long-term debt; and an...
First 4 pictures are the case,
please answer these!
Case 12-3 Plastic Cable Clips In mid-September Robyn Pemberton, purchasing officer in the laundry division of Fisher & Paykel Limited, lo- cated in Auckland, New Zealand, was wondering which procurement option made most sense for the plastic cable clips requirements for the new line of washing machines. THE LAUNDRY DIVISION Fisher & Paykel Limited was the largest home appliance manufacturer in New Zealand with sales of its major ap- pliances amounting...
Most questions answered within 3 hours.
-
1. When a nearsighted person looks at an object that is in the
distance with their...
asked 1 hour ago -
QUESTION 8
Both of these statements will store the same value in the
variable $number
$number...
asked 1 hour ago -
The price of 1 lb of potatoes is $1.75. If all the potatoes sold
today at...
asked 2 hours ago -
Garcia Company issues 20.00%, 15-year bonds with a par value of
$470,000 and semiannual interest payments....
asked 2 hours ago -
In C++ Programming, Try using loops only.
This lab demonstrates the use of the While Loop...
asked 3 hours ago -
Effect of DCMU and sodium azide on Chlamydomonas? We did an
experiment where we had Chlamydomonas...
asked 3 hours ago -
1a) According to the ideal gas law, _______________.
a. a gas has infinite volume at absolute...
asked 5 hours ago -
Oakdale Fashions, Inc. had $245,000 in 2018 taxable income.
Using the tax schedule in Table 2.3...
asked 5 hours ago -
The marketing class at CSUS had an average score of 150. An
educational analyst determined that...
asked 7 hours ago -
Justin Case has purchased a $250 000 home by putting 20 % down
and taking out...
asked 7 hours ago -
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 7 hours ago -
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 8 hours ago