A clinic uses client-visits as Its measure of activity Duning January, the clinic budgeted for 3,300 client-visits, but Its actual level of activity was 3,280 client-visits.results for January:Data used In budgeting:Fixed elementVariable elementper client-visit$35.30per monthRevenuePersonnel expenses$427,300$11.305.301,30010,3006,300Medical supplies1.00Occupancy expensesAdministrative expenses0.40$ 45,200$ 18.00Total expensesActual results for January:$ 124,680$ 72,030$ 22,706$ 14,630$ 8,135RevenuePersonnel expensesMedical suppliesOccupancy expensesAdministrative expensesThe activity varlance for net operating Income In January would be closest to:Multiple ChoiceO $346 F$4.711 F

Given, Clinic Budgeted = 3,300 client-visit

A clinic uses clilent-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 clent-visit results for January: Data used In budgeting: Fixed element Variable element per month $ 0 $ 27,300 per client-visit $ 35.30 $ 11.30 Revenue Personnel expenses Medical supplies 1,300 5.30 10,300 1.00 Occupancy expenses Administrative expenses 6,300 0.40 Total expenses $ 45,200 $ 18.00 Actual results for January: $ 124, 680 $ 72,030 $ 22,706 $ 14,630 $ 8,135 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses The activity varlance for net operating Income In January would be closest to: Multiple Choice $346 F $4.711 F

A clinic uses clilent-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 clent-visit results for January: Data used In budgeting: Fixed element Variable element per month $ 0 $ 27,300 per client-visit $ 35.30 $ 11.30 Revenue Personnel expenses Medical supplies 1,300 5.30 10,300 1.00 Occupancy expenses Administrative expenses 6,300 0.40 Total expenses $ 45,200 $ 18.00 Actual results for January: $ 124, 680 $ 72,030 $ 22,706 $ 14,630 $ 8,135 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses The activity varlance for net operating Income In January would be closest to: Multiple Choice $346 F $4.711 F

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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A. $6,722 F B. $3,282 U C. $3,282 F D. $6,722 U
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16. Kirnon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Fixed element per month Variable element per client-visit Revenue $ 0 $ 39.10 Personnel expenses $ 35,100 $ 10.30 Medical supplies 1,100 7.10 Occupancy expenses 8,100 1.10 Administrative expenses 5,100 0.20 Total expenses $ 49,400 $ 18.70 The activity variance for net operating income in July would be closest to: Multiple Choice $1,086 F $1,836 F $1,836 U $1,086 U
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Actual pounds (9) Flexible Budget For the Month Ended August 31 Revenue ($4.189) Expenses: Packing supplies ($0.309) Oyster bed maintenance ($3,500) Wages and salaries ($2,000 + $0.459) Shipping ($0.659) Utilities ($1,250) Other ($510 + $0.019) Total expenses Net operating income The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 7,400 $ 30,340 2,228 3,500 5,330 4,810 1,250 584 17,694 $ 12,646 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expenses Net operating income Required: 7,400 $ 26,700 2,390 3,360 5,740 4,540 1,060 1,204 18,294 $ 8,406 Calculate the company's revenue and spending variances for August. Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values. Revenue Quilcene Oysteria Revenue and Spending Variances For the…
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Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $62.90 per patient-visit. Personnel expenses should be $36,400 per month plus $16.50 per patient-visit. Medical supplies should be $2,700 per month plus $11.90 per patient-visit. Occupancy expenses should be $9,100 per month plus $5.50 per patient-visit. Administrative expenses should be $4,600 per month plus $3.60 per patient-visit. The clinic reported the following actual results for November: Patient-visits Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Required: 2,870 $ 199,240 $ 89,320 $ 40,240 $ 19,350 $ 9,750 Prepare a report showing the clinic's revenue and spending variances for November. Label each variance as favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts…
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a. Determine the total number of RVUs expected per day for the coming week . b. Determine the total weekly nurse budget for the coming week .