Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,800 client-visits, but its actual level of activity was 4,780 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 Fixed element per month Personnel expenses Medical supplies Occupancy expenses Administrative expenses $ $ $ $ $ $ $ Variable element per client-visit 28,800 10,700 133,000 49,000 70,040 21,016 1,700 14,250 8,100 7,800 $36.80 $ 12.80 6.80 1.00 0.40 $ 21.00 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:

Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,800 client-visits, but its actual level of activity was 4,780 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 Fixed element per month Personnel expenses Medical supplies Occupancy expenses Administrative expenses $ $ $ $ $ $ $ Variable element per client-visit 28,800 10,700 133,000 49,000 70,040 21,016 1,700 14,250 8,100 7,800 $36.80 $ 12.80 6.80 1.00 0.40 $ 21.00 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:

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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