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22. Labor budget: calculating the fixed labor budget. Instead of the benefits stated in Exhibit 1.4e, assume that all benefits are 21% and all raises are 3.5% and calculate the fixed labor budget for January, February, and March. Assume that all the other assumptions in the exhibit remain the same. Explain why some salaries and benefits change from month to month and others do not EXHIBIT 1.40 BENEFITS SCHEDULE FOR THE FIXED LABOR BUDGET Position Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Physician ! $30,000 $31,500 $31,500 $31,500 $31,500 $31,500 $31,500 $31,500 $31,500 $31,500 $31,500 $31,500 $376,500 Physician II 22,000 22,000 22,000 22,000 22,000 22,000 23,100 23,100 23,100 23,100 23,100 23,100 270,600 Physician Assistant 1,667 1,667 1,667 1,667 1667 1667 1,667 1,667 1,667 1,667 1.750 1.750 20,167 Nurse Practioner 1,667 1,667 1,667 1667 1667 1667 1667 1667 1,667 1,667 1.750 1.750 20,167 Administratve Director 1,667 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1.750 1.750 20,917 Office Staff 1,042 1,094 1,094 1,094 1,094 1,094 1,094 1,094 1,094 1,094 1,094 1,094 13,073 Office Staff II 1,875 1,875 1,875 1,875 1,875 1,969 1,969 1,969 1969 1,969 1,969 1,969 23,156 Total $59,917 $61,552 $61,552 $61,552 $61,552 $61,646 $62,746 $62,746 $62,746 $62,746 $62,913 $62,913 $744,579

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