Everyone Deserves to Smile mobile dentist office budgeted for 4,370 patient visits a year. Everyone Deserves to Smile actually saw 4,480 patients during the year and they have provided the following data: Fixed Portion for Budget Variable Portion per patient visit for Budget Actual Results Revenue $73.00 $416,000 Personnel Expenses $90,000 $86,000 Medical Supplies $10.00 $38,900 Occupancy Expenses $8,000 $1.50 $18,000 Admin Expenses $17,000 $0.75 $19,900 Based on the given information, what is the volume variance for revenue?
Everyone Deserves to Smile mobile dentist office budgeted for 4,370 patient visits a year. Everyone Deserves to Smile actually saw 4,480 patients during the year and they have provided the following data: Fixed Portion for Budget Variable Portion per patient visit for Budget Actual Results Revenue $73.00 $416,000 Personnel Expenses $90,000 $86,000 Medical Supplies $10.00 $38,900 Occupancy Expenses $8,000 $1.50 $18,000 Admin Expenses $17,000 $0.75 $19,900 Based on the given information, what is the volume variance for revenue?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Everyone Deserves to Smile mobile dentist office budgeted for 4,370 patient visits a year. Everyone Deserves to Smile actually saw 4,480 patients during the year and they have provided the following data:
|
Fixed Portion for Budget |
Variable Portion per patient visit for Budget |
Actual Results |
|
|
Revenue |
$73.00 |
$416,000 |
|
|
Personnel Expenses |
$90,000 |
$86,000 |
|
|
Medical Supplies |
$10.00 |
$38,900 |
|
|
Occupancy Expenses |
$8,000 |
$1.50 |
$18,000 |
|
Admin Expenses |
$17,000 |
$0.75 |
$19,900 |
Based on the given information, what is the volume variance for revenue?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education