Instructions
For the final exam, I would like you to complete the operating budget for Brandon clinic given the information provided. Please identify and label your answers very clearly. Show all of your math/calculations. A final submitted without calculations will receive a zero grade.
Brandon clinic projected the following operating budget information for 2025:
Total FFS Visit volume 90,000 visits
Payor mix:
Blue Cross 40%
Medicare 60%
Reimbursement rates:
Blue Cross $25 per visit
Medicare $20 per visit
Variable costs
Resource inputs;
Labor 48,000 total hours
Supplies 100,000 total units
Resource inputs prices:
Labor $25 per hour
Supplies $1.50 per unit
Fixed costs $500,000
Construct Brandon clinic’s operating budget for 2025. Use the following format for this assignment and show all of your math to receive credit. Assignments submitted without the math will receive a zero.
I. Volume:
A. Blue Cross FFS __________ visits
B. Medicare FFS __________ visits
C. Total budgeted visits __________ visits
II. Revenues:
A. Blue Cross FFS __________ Dollars
B. Medicare FFS __________ Dollars
C. Total budgeted revenues __________ Dollars
III. Costs / Expenses:
A. Variable costs:
Labor __________Dollars
Supplies __________Dollars
Total Variable Costs __________Dollars
Variable Costs per visit __________Dollars
B. Fixed Costs:
Overhead, plant & Equip. ________Dollars
C. Total Budgeted Costs __________Dollars
IV. Profit & Loss Statement:
Revenues:
FFS __________Dollars
Total __________Dollars
Costs:
Variable:
FFS __________Dollars
Total __________Dollars
Contribution Margin __________Dollars
Fixed Costs __________Dollars
Budgeted Profit __________Dollars
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