Homework Problems Problem 8 - You have the following data for January 1 - May 31 of this fiscal year with which to prepare a expense forecast. This fiscal year runs from January 1 to December 31 of 20X5. Fixed expenses were $2,450,000 and variable expenses were $355,000. During the first five month of the year, $80,000 of fixed expense was spent on a health department survey. Another adjustment to fixed expenses occurred in April when a vendor refunded $20,000 for prepaid services that were never provided last year. Volume through May 31 has been 200,000 visits. Assume the following: Monthly volume will be 4,000 visits per month higher in the remaining part of the year (6/1/20X5 to 12/31/20X5) compared to the average monthly volume of the first five months. Three new practitioners are expected to join the staff on October 1st Each new practitioner earns $125,000 per year, inclusive of fringe benefits. Calculate the fixed, variable, and total expense forecast for 20X5