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Affordable Smiles mobile dentist office budgeted for 4,320 patient visits a year. Affordable Smiles actually saw 4,480 patients during the year and they have provided the following data: Fixed Portion for Budget Revenue Personnel Expenses Medical Supplies Occupancy Expenses Admin Expenses Variable Portion per Actual Results patient visit for Budget $66.00 $408,800 $60,000 $52,000 $13.00 $38,100 $11,000 $1.75 $15,000 $18,000 $0.50 $19,650 Based on the given information, what is the flexible budget variance for revenue? OA. $10,560 Unfavorable B. $113,120 Unfavorable OC. $113,120 Favorable OD. $10,560 Favorable

Affordable Smiles mobile dentist office budgeted for 4,320 patient visits a year. Affordable Smiles actually saw 4,480 patients during the year and they have provided the following data: Fixed Portion for Budget Revenue Personnel Expenses Medical Supplies Occupancy Expenses Admin Expenses Variable Portion per Actual Results patient visit for Budget $66.00 $408,800 $60,000 $52,000 $13.00 $38,100 $11,000 $1.75 $15,000 $18,000 $0.50 $19,650 Based on the given information, what is the flexible budget variance for revenue? OA. $10,560 Unfavorable B. $113,120 Unfavorable OC. $113,120 Favorable OD. $10,560 Favorable

FINANCIAL ACCOUNTING
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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Affordable Smiles mobile dentist office budgeted for 4,320 patient visits a year. Affordable Smiles actually saw 4,480 patients during the year and they have provided the following data: Fixed Portion for Budget Revenue Personnel Expenses Medical Supplies Occupancy Expenses Admin Expenses Variable Portion per Actual Results patient visit for Budget $66.00 $408,800 $60,000 $52,000 $13.00 $38,100 $11,000 $1.75 $15,000 $18,000 $0.50 $19,650 Based on the given information, what is the flexible budget variance for revenue? OA. $10,560 Unfavorable B. $113,120 Unfavorable OC. $113,120 Favorable OD. $10,560 Favorable
Transcribed Image Text:Affordable Smiles mobile dentist office budgeted for 4,320 patient visits a year. Affordable Smiles actually saw 4,480 patients during the year and they have provided the following data: Fixed Portion for Budget Revenue Personnel Expenses Medical Supplies Occupancy Expenses Admin Expenses Variable Portion per Actual Results patient visit for Budget $66.00 $408,800 $60,000 $52,000 $13.00 $38,100 $11,000 $1.75 $15,000 $18,000 $0.50 $19,650 Based on the given information, what is the flexible budget variance for revenue? OA. $10,560 Unfavorable B. $113,120 Unfavorable OC. $113,120 Favorable OD. $10,560 Favorable
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