its budgeting and its actual results for January: Data used in budgeting: \table[[,\table[[Fixed element],[per month]],\table[[Variable element],[per client-visit]]],[Revenue,$0,$35.20 9Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,200 client-visits, but its actual level of activity was 3,180 client-visits. The clinic has provided the following data concerning the formulas used inits budgeting and its actual results for January:Data used in budgeting:RevenuePersonnel expensesMedical suppliesOccupancy expensesAdministrative expensesTotal expensesActual results for January:RevenuePersonnel expensesMedical suppliesOccupancy expensesAdministrative expensesFixed elementper month$ 0$ 27,2001,20010,200Variable elementper client-visit$ 35.20$ 11.205.201.00· 0.306,200$ 44,800$ 17.70$ 124,670$ 72,020$ 22,704$ 14,620$ 8,125The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for January would be closest to:Multiple Choice$3,999 U$3,649 F$3,999 F$3,649 U

To calculate the overall revenue and spending variance, we need to compare the actual results to the…

Answered: 9 Bartosiewicz Clinic uses…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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i.3
Mayo Clinic uses patient-visits as its measure of activity. During September, the clinic budgeted for 3,000 patient-visits, but its actual level of activity was 2,900 patient-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for September: Data used in budgeting: Revenue Personnel expenses Medical supplies. Occupancy expenses. Administrative expenses.. Actual results for September: Revenue Personnel expenses. Medical supplies. Occupancy expenses. Administrative expenses..... Fixed element per month $27,600 $1,500 $6,200 $3,600 $105,010 $61,020 $22,120 $10,930 $4,570 Variable element per patient-visit $37.20 $11.30 $6.80 $1.70 $0.30 Compute the total Revenue variance (due to a difference in the actual amount collected per customer from expected). State answer as a positive.
Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,200 client-visits, but its actual level of activity was 4,180 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January Data used in budgeting Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses Actual results for January Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Fixed element Variable element. per month 50 $ 28,200 1,100 10,100 7,200 $ 46,600 $ 126,350 $ 70,120 $ 21,112 $ 14,110. $ 7,870 per client-visit $36.20 $ 12.20 6.20 1.00 0.30 $19.70 The overall revenue and spending variance (Le.. the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for January would be closest to:
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4,000 client-visits, but its actual level of activity was 3,990 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for November. Data used in budgeting: Revenue Personnel expenses Medical supplies occupancy expenses Administrative expenses Total expenses Actual results for November: Revenue Personnel expenses Medical supplies occupancy expenses Administrative expenses Multiple Choice $832 F $832 U $760 U Fixed element Variable element per per month client-visit $36.80 The spending varlance for medical supplies in November would be closest to: $760 F $30,900 1,900 9,000 7,300 $49,100 $147,032 $ 77,944 $ 31,460 $ 21,673 $ 7,859 $11.80 7.20 3.30 0.20 $22.50
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4,050 client-visits, but its actual level of activity was 4,040 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for November: Data used in budgeting: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses Actual results for November: Revenue Personnel expenses Fixed element Variable element per month $ 0 per client-visit $ 36.90 $ 31,000 $ 11.90 1,950 7.30 9,100 3.40 7,400 0.30 $ 49,450 $ 22.90 Medical supplies Occupancy expenses Administrative expenses $ 149,278 $ 79,037 $ 32,277 $ 22,341 $ 8,372 The spending variance for medical supplies in November would be closest to:
Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,600 client-visits, but its actual level of activity was 4,580 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses Actual results for January: Revenue Personnel expenses Medical supplies Fixed element per month Variable element per client-visit $ 36.60 $ 0 $ 28,600 $ 12.60 1,500 6.60 10,500 1.00 7,600 0.20 $ 48,200 $ 20.40 $ 130,000 $ 70,020 $ 21,012 $ 13,190 $ 7,440 Occupancy expenses Administrative expenses The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for January would be closest to: Multiple Choice ○ $7,658 F $7,982 U ○ $7,658 U $7,982 F
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,300 client-visits, but its actual level of activity was 3,290 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for November: Data used in budgeting: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses Actual results for November: Fixed Element per Month Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses $ 29,500 1,200 7,600 5,900 $ 44,200 Variable element per client-visit $ 35.40 $ 10.40 5.80 1.90 0.30 $18.40 $116,656 $ 63,686 $ 21,072 $ 13,371 $ 6,677 The administrative expenses in the planning budget for November would be closest to:
nku.3
Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,300 client-visits, but its actual level of activity was 3,280 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January. Data used in budgeting: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses. Total expenses Actual results for January: Fixed element Variable element per month. $0 $ 27,300 1,300 10,300 6,300 $ 45,200 $ 124,680 $ 72,030 $ 22,706 per client-visit $35.30 $ 11.30 5.30 1.00 0.40 $18.00 Revenue Personnel expenses Medical supplies Occupancy expenses $ 14,630 Administrative expenses $ 8,135 The activity variance for net operating income in January would be closest to:
Subject: acounting
Help Sa Paulis Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During February, the kennel budgeted for 4.600 tenant-days, but it actual level of activity was 4,580 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February Data used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for February: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Fixed element per Variable element month $ 0 per tenant-day $ 31.10 $ 3,600 200 $ 7.10 11.90 4.10 0.50 8,600 8,400 $ 20,800 $ 23.60 $ 108,380 $ 23,560 $ 36,796 $ 19,310 $ 9,152 The overall revenue and spending variance (ie., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for February would be…
Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 3,600 tenant-days, but its actual level of activity was 3,630 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: 01:08:33 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March: Variable Fixed element per month $ 0 element per tenant-day $34.50 $ 2,500 $ 7.50 1,500 14.00 8,000 3.00 6,500 0.60 $ 18,500 $ 25.10 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $ 121,234 $ 28,550 $ 53,125 $ 18,250 $ 7,095 The spending variance for food and supplies in March would be closest to: Multiple Choice k

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