(Done Paper) Referencing Styles : Harvard Question 1 (15 marks)You are considering setting up a health clinic giving people advice on their diets. You will char

(Done Paper) Referencing Styles : Harvard Question 1 (15 marks)You are considering setting up a health clinic giving people advice on their diets. You will char

Question 1 (15 marks)You are considering setting up a health clinic giving people advice on their diets. You will charge $40 for each consultation. You will give each patient printed literature on diets which will cost $15 per patient and their own weight loss diary which will cost $5 per patient. Each patient has one consultation per year. Staff are employed as contractors and they will be paid $10 per patient. Expected fixed costs for the clinic are $100,000 per year and you will undertake a m … View More Question 1 (15 marks) You are considering setting up a health clinic giving people advice on their diets. You will charge $40 for each consultation. You will give each patient printed literature on diets which will cost $15 per patient and their own weight loss diary which will cost $5 per patient. Each patient has one consultation per year. Staff are employed as contractors and they will be paid $10 per patient. Expected fixed costs for the clinic are $100,000 per year and you will undertake a marketing campaign costing $50,000. 1. Prepare a flexible budget for the clinic showing the financial outcome for 10,000, 20,000 and 30,000 patients. (3 marks) 2. Calculate the break-even point – ie how many patients will you need to treat to make a zero profit. (2 marks) You decide that 10,000 patients is the most likely demand for your service, and you set your budget based on this number of patients. After the end of the year, clinic personnel prepare the following table for you, showing the actual results: 3. Prepare a budget variance report and identify the main favourable and unfavourable variances. What could be some reasons for these variances? (5 marks) 4. What actions, if any, would you recommend for the coming year

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By | 2018-08-25T17:24:29+00:00 August 25th, 2018|Uncategorized|