Lopez and Tiznado, dentists, budgeted for the following revenue and expenses for March: Depreciationequipment. . . .
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Depreciation—equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,500
Fringe benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,200
Lease expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000
Hygienists’ wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,600
Dentists’ salaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,800
Patient revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51,500
Administrative support. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,900
Utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 550
Prepare a budgeted income statement for the month ending March 31, 2016.
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Related Book For
Principles of Cost Accounting
ISBN: 978-1305087408
17th edition
Authors: Edward J. Vanderbeck, Maria Mitchell
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