The spending variance for administrative expenses was Felker Health Center measures its activity interms of patient visits. Last month, the budgetedlevel of activity was 1,460 patient visits and theactual level of activity was 1,580 patient visits.The cost formula for administrative expenses is$2.50 per patient visit plus $17,800 per month.The actual administrative expense was $22,250.Last month, the spending variance foradministrative expenses was

Explanation of Spending Variance:Spending variance refers to the difference between the actual cost…

Answered: Felker Health Center measures its…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 8PB: Mesa Aquatics, Inc. estimated direct labor hours as 1,900 in quarter 1, 2,000 in quarter 2.2,200 in...

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Speyer Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1200 patient-visits and the actual level of activity was 1190 patient-visits. The cost formula for administrative expenses is $4.40 per patient-visit plus $24,000 per month. The actual administrative expense was $23,500. Last month the clinic's spending variance for administrative expenses was:
Speyer Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1,110 patient-visits and the actual level of activity was 1,100 patient-visits. The cost formula for administrative expenses is $3.50 per patient-visit plus $19,500 per month. The actual administrative expense was $20,800. In the clinic's flexible budget performance report for last month, the spending variance for administrative expenses was:
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 dollár amount)? 2. Is the spending variance for occupancy expenses favorable or unfavorable? Enter your answers in the same order as above.
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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?
Benson Memorial hospital cost formula for its wages and salaries is $2,030 per month plus $409 per birth. For the month of December, the hospital planned for activity of 112 births, but the actual level of activity was 114 births. The actual wages and salaries for the month was $50,800. The wages and salaries in the planning budget for December would be closest to: ○ $50,800 $47,838 $49,707 $48,656
Ramkissoon Midwifery's cost formula for its wages and salaries is $2,060 per month plus $442 per birth. For the month of July, the company planned for activity of 117 births, but the actual level of activity was 114 births. The actual wages and salaries for the month was $54,500. The spending variance for wages and salaries in July would be closest to:
Leven Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 3,000 client-visits, but its actual level of activity was 3,050 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting for September: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses Fixed element per Variable element per month $0 $ 23,900 1,400 5,700 5,100 $36,100 client-visit $31.00 $10.70 The personnel expenses in the planning budget for September would be closest to: 3.90 1.10 0.10 $ 15.80
Bartosiewicz Clinic uses client-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 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: Fixed element Variable element per month. $0 $ 27,300 1,300 10,300 6,300 $ 45,200 $ 124,680 $ 72,030 $ 22,706 per client-visit $35.30 $ 11.30 5.30 1.00 0.40 $18.00 Revenue Personnel expenses Medical supplies Occupancy expenses $ 14,630 Administrative expenses $ 8,135 The activity variance for net operating income in January would be closest to:
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4,050 client-visits, but its actual level of activity was 4,040 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for November: Data used in budgeting: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses Actual results for November: Revenue Personnel expenses Fixed element Variable element per month $ 0 per client-visit $ 36.90 $ 31,000 $ 11.90 1,950 7.30 9,100 3.40 7,400 0.30 $ 49,450 $ 22.90 Medical supplies Occupancy expenses Administrative expenses $ 149,278 $ 79,037 $ 32,277 $ 22,341 $ 8,372 The spending variance for medical supplies in November would be closest to:
Mayo Clinic uses patient-visits as its measure of activity. During September, the clinic budgeted for 3,000 patient-visits, but its actual level of activity was 2,900 patient-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for September: Data used in budgeting: Revenue Personnel expenses Medical supplies. Occupancy expenses. Administrative expenses.. Actual results for September: Revenue Personnel expenses. Medical supplies. Occupancy expenses. Administrative expenses..... Fixed element per month $27,600 $1,500 $6,200 $3,600 $105,010 $61,020 $22,120 $10,930 $4,570 Variable element per patient-visit $37.20 $11.30 $6.80 $1.70 $0.30 Compute the total Revenue variance (due to a difference in the actual amount collected per customer from expected). State answer as a positive.
Touro Dental Clinic uses patient-visits as its measure of activity. During January, the clinic budgeted for 3,600 patient-visits, but its actual level of activity was 3,500 patient-visits. The clinic uses the following revenue and cost formulas in its budgeting, where q is the number of patient-visits:Revenue: $39.70qPersonnel expenses: $38,700 + $11.50qMedical supplies: $1,000 + $7.30qOccupancy expenses: $11,700 + $1.30qAdministrative expenses: $6,700 + $0.30qThe clinic reported the following actual results for January: Revenue - $132,280 Personnel expenses - 76,500 Medical supplies - 26,300 Rent expenses - 16,310 Administrative expenses - 7,620 Required:Prepare a report showing the clinic's revenue and spending variances for April. Label each variance as favorable (F) or unfavorable (U). Fill in all lines. actual flexible…

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