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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During October, Keliihoomalu Clinic budgeted for 2,700 patient-visits, but its actual level of activity was 2,200 patient-visits. Revenue should be $27.30 per patient-visit. Personnel expenses should be $21,100 per month plus $6.80 per patient-visit. Medical supplies should be $500 per month plus $4.90 per patient-visit. Occupancy expenses should be $5,700 per month plus $0.90 per patient-visit. Administrative expenses should be $3,700 per month plus $0.40 per patient-visit. Required: Prepare the clinic's flexible budget for October based on the actual level of activity for the month. What is net operating income per the flex budget?
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am. 103.
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