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Chelsea Clinics PROJECTED budget information for 2020 is listed below. Please use this information to...

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Accounting

Chelsea Clinics PROJECTED budget information for 2020 is listed below. Please use this information to answer the questions below.

Chelsea Clinic
Total FFS Visit Volume 90,000 visits
Payer Mix:
Blue Cross 40%
Highmark 60%
Reimbursment Rates
Blue Cross $25 per visit
Highmark $20 per visit
Variable Costs
Resource Inputs
Labor 48,000 total hours
Supplies 100,000 total units
Resource Input Prices
Labor $ 25.00 per hour
Supplies $ 1.50 per unit
Fixed Costs (overhead, plant and equipment) $ 500,000.00

1a. Based on the projected budget information calculate the total budgeted costs.

Choice: $1,850,000

Choice: $1,455,000

Choice: $2,200,400

Choice: $1,000,000

1b. Based on the projected budget information, calculate the contribution margin.

Choice: $550,000

Choice: $630,000

Choice: $874,000

Choice: $1,000,000

1c. Based on the projected budget information, calculate the budgeted profit.

Choice: $98,000

Choice: $117,000

Choice: $130,000

Choice: $158,000

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