During November, Guerreiro Clinic budgeted for 5,000 patient-visits, but its actual level of activity was 5,300 patient-visits. Revenue should be $50.00 per patient-visit. Occupancy expenses should be $15,000 per month plus $0.75 per patient-visit. Actual occupancy expenses were $18,000. 1. What is the spending variance for occupancy expenses (provide a dollar amount)? 2. Is the spending variance for occupancy expenses favorable or unfavorable? Enter your answers in the same order as above. - [Text box for answer 1] - [Text box for answer 2]

During November, Guerreiro Clinic budgeted for 5,000 patient-visits, but its actual level of activity was 5,300 patient-visits. Revenue should be $50.00 per patient-visit. Occupancy expenses should be $15,000 per month plus $0.75 per patient-visit. Actual occupancy expenses were $18,000. 1. What is the spending variance for occupancy expenses (provide a dollar amount)? 2. Is the spending variance for occupancy expenses favorable or unfavorable? Enter your answers in the same order as above. - [Text box for answer 1] - [Text box for answer 2]

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Description: During November, Guerreiro Clinic budgeted for 5,000 patient-visits, but its actual level of activity was 5,300 patient-visits. Revenue should be $50.00 per patient-visit. Occupancy expenses should be $15,000 per month plus $0.75 per patient-visit.

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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