Guareno Clinic uses client - visits as its measure of activity. During December, the clinic budgeted for 3, 300 client-visits, but its actual level of activity was 3,210 client - visits. The clinic has provided the following data concerning the formulas used in itsbudgeting and its actual results for December: Data used in budgeting: Fixed element per month Variable element per client - visit Revenue S 0S 46.00 Personnel expenses $ 35,100 S 13.90 Medical supplies 2,400 5.90 Occupancy expenses 10, 800 2.

The budgeted revenue for December is calculated by multiplying the budgeted number of client visits…

Answered: Guareno Clinic uses client - visits as…

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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Help Save & Exit Leist Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,170 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Fixed Variable element per element per month client-visit Revenue $ 50.80 $ 15.60 Personnel expenses $ 26,600 Medical supplies 1,400 9.40 Occupancy expenses Administrative expenses 7,600 2.40 5,300 0.10 Total expenses $ 40,900 $ 27.50 The occupancy expenses in the flexible budget for September would be closest to: Multiple Choice $13,583 $13 3,21 $12,808 $12,880
Kirnon Clinic uses cllent-visits as Its measure of activity. During July, the clinic budgeted for 4,150 client-visits, but Its actual level of activity was 4,080 client-visits The Fixed element per Variable element per client-visit $40.90 month Revenue $36,900 $ 12.10 Personnel expenses Medical supplies Occupancy expenses Administrative expenses 2,900 9,900 8.90 2.90 6,900 0.20 Total expenses $ 56,600 $24.10 The activity varlance for personnel expenses In July would be closest to: కతు Multiple Choice $847 U $3,287 U $3.287 F $847 F
Kawamura Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During December, the kennel budgeted for 2,300 tenant-days, but its actual level of activity was 2,320 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: Fixed Element per Month Variable element per tenant-day Revenue $ 0 $37.70 Wages and salaries $ 3,000 $ 6.10 Food and supplies 800 13.40 Facility expenses 9,800 4.70 Administrative expenses 7,100 0.20 Total expenses $20,700 $24.40 The net operating income in the planning budget for December would be closest to: Multiple Choice A. $10,156 B. $9,890 C. $7,309 D. $7,184
Grohs Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During December, the kennel budgeted for 2,500 tenant-days, but its actual level of activity was 2,530 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: Fixed Element per Month Variable element per tenant-day Revenue $ 0 $33.00 Wages and salaries $ 3,800 $ 7.90 Food and supplies 1,000 11.60 Facility expenses 8,600 2.20 Administrative expenses 6,200 0.20 Total expenses $19,600 $21.90 The net operating income in the planning budget for December would be closest to: Multiple Choice A. $8,150 B. $11,914 C. $8,483 D. $11,633
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…
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:
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Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,300 client-visits, but its actual level of activity was 3,290 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: Fixed Element per Month Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses $ 29,500 1,200 7,600 5,900 $ 44,200 Variable element per client-visit $ 35.40 $ 10.40 5.80 1.90 0.30 $18.40 $116,656 $ 63,686 $ 21,072 $ 13,371 $ 6,677 The administrative expenses in the planning budget for November would be closest to:
Snyders Kennel uses tenant-days as its measure of activity, an animal housed in the kennel for one day is counted as one tenant-day. During October, the kennel budgeted for 2,600 tenant.days, but its actual level of activity was 2,610 tenant-days. The kernel has provided the following data concerning the formulas to be used in its budgeting: Fixed element per month Variable element per tenant-day Revenue - 27.20 Wages and salaries 3300 5.20 Expendables 800 9.40 Facility expenses 8600 2.40 Adminstrative expenses 6600 0.30 Total Expenses 19300 17.30 The activity variance for wages and salaries in October would be closest to: Select one: a. $52 U b. $652 F c. $52 F d. $652 U
Gandrud Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During June, the kennel budgeted for 2,660 tenant-days, but its actual level of activity was 2,640 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: Fixed element per month Variable element per tenant-day Revenue − $ 38.30 Wages and salaries $ 3,455 $ 7.60 Food and supplies 1,650 14.60 Facility expenses 11,800 2.90 Administrative expenses 10,250 0.60 Total expenses $ 27,155 $ 25.70 The food and supplies in the flexible budget for June would be closest to: $39,867 $40,443 $40,486 $40,194
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4,000 client-visits, but its actual level of activity was 3,990 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 Medical supplies occupancy expenses Administrative expenses Multiple Choice $832 F $832 U $760 U Fixed element Variable element per per month client-visit $36.80 The spending varlance for medical supplies in November would be closest to: $760 F $30,900 1,900 9,000 7,300 $49,100 $147,032 $ 77,944 $ 31,460 $ 21,673 $ 7,859 $11.80 7.20 3.30 0.20 $22.50
Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,600 client-visits, but its actual level of activity was 4,580 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 Personnel expenses Medical supplies Fixed element per month Variable element per client-visit $ 36.60 $ 0 $ 28,600 $ 12.60 1,500 6.60 10,500 1.00 7,600 0.20 $ 48,200 $ 20.40 $ 130,000 $ 70,020 $ 21,012 $ 13,190 $ 7,440 Occupancy expenses Administrative expenses 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: Multiple Choice ○ $7,658 F $7,982 U ○ $7,658 U $7,982 F

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