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Prepare a salary budget for the total year 7/I /X I b 6/30/X2. Staffing levels are based on the need be six hours of hands on work per patient day. Volume in the budget year is m be 3,600 patient days. Productive time is 80 percent of total paid time. For purposes of this solution, staff can be hired only in half FIE in crements; thus if there is a need for 7.4 Fits, 7.5 must be budgeted. The 6300W lag are the current staff with FIE values and hourly rata of pay as of 4/11X1:
Krig 1.0 $1100 law 1.0 13.80 F10018* 1.0 13.50 Ruby 1.0 14.00 Russel 0.5 1275
A pay raise will be given to all staff on May 1 of each year at a rate of 6 per cent. The starting rate of pay for new hires is $13.00 regardless of hire date.
Problem 3 Using the information provided. prepare a salary budget for FYX3 (7(1/X2 in 6130(X3). Volume in the budget year will be 3.000 units of service, and staff needs are for five hours of hands on work per unit of service. Productive time is 85 percent of tall paid time. For purposes of this solution, the assumption is that staff can be hired only in half FIT. increments. A pay raise will be given to all staff (and to the staring rate of pay) on June 1 and December 1 of each year at a rate of 6 percent. The following are the current staff with FIE values and hourly rates of pay as of March 8, 19%7:
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