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 $ e $ 50.80 $ 15.60 Revenue Personnel expenses Medical supplies $ 26,600 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:

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 $ e $ 50.80 $ 15.60 Revenue Personnel expenses Medical supplies $ 26,600 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:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Dinham 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 March, the kennel budgeted for 4,700 tenant-days, but its actual level of activity was 4,780 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Fixed element per month 0 The revenue variance for March would be closest to: $ 3,600 1,100 7,500 7,600 $ 19,800 $ 144,230 $ 28,660 $ 74,070 $ 27,220 $ 7,106 Variable element per tenant-day $ 35.20 $ 8.60 15.10 4.10 0.50 $ 28.30
Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: Budgeted number of patient-visits Budgeted variable overhead costs: Supplies (@$5.50 per patient-visit) Laundry (@$8.50 per patient-visit) Total variable overhead cost Multiple Choice Budgeted fixed overhead costs: Wages and salaries Occupancy costs Total fixed overhead cost Total budgeted overhead cost The total overhead cost at an activity level of 7,700 patient-visits per month should be: о O $261,690 $251,890 $247,700 7,000 $237,900 $ 38,500 59,500 98,000 53,650 86,250 139,900 $ 237,900
Please do not give solution in image format thanku
i.3
Paulis 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 February, the kennel budgeted for 4,600 tenant-days, but its actual level of activity was 4,580 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue $ 0 $ 31.10 Wages and salaries $ 3,600 $ 7.10 Food and supplies 200 11.90 Facility expenses 8,600 4.10 Administrative expenses 8,400 0.50 Total expenses $ 20,800 $ 23.60 Actual results for February: Revenue $ 108,380 Wages and salaries $ 23,560 Food and supplies $ 36,796 Facility expenses $ 19,310 Administrative expenses $ 9,152 The net operating income in the flexible budget for February would be closest to:
Guareno Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 2,500 client-visits, but its actual level of activity was 2,450 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Fixed element per month Variable element per client-visit Revenue $ 0 $ 45.20 Personnel expenses $ 34,300 $ 13.30 Medical supplies 1,600 5.40 Occupancy expenses 10,000 1.80 Administrative expenses 3,800 0.20 Total expenses $ 49,700 $ 20.70 Actual results for December: Revenue $ 108,650 Personnel expenses $ 65,755 Medical supplies $ 14,380 Occupancy expenses $ 14,000 Administrative expenses $ 4,210 The spending variance for medical supplies in December would be closest to:
Rahul
ABC Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,200 customers, but actually served 32,800 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $3.70q Wages and salaries: $33,400+ $1.16q Supplies: $0.56q Insurance: $10,600 Miscellaneous expenses: $6,600 + $0.32q The company reported the following actual results for February: Revenue Wages and salaries. Supplies Insurance Miscellaneous expense $123,800 $ 68,200 $ 14,600 $ 10,600 $ 18,700 Required: Prepare the company's flexible budget performance report for February. Label each variance as favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
Don't give solution in image format..
please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
Everyone Deserves to Smile mobile dentist office budgeted for 4,350 patient visits a year. Everyone Deserves to Smile actually saw 4,420 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 $71.00 $419,600 Personnel Expenses $100,000 $94,000 Medical Supplies $13.00 $38,500 Occupancy Expenses $8,000 $1.75 $18,000 Admin Expenses $19,000 $0.25 $19,850 Based on the given information, what is the flexible budget variance for revenue?
Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November: Bickel Corporation - Comparison of Actual Results to Planning Budget For the Month Ended November 30 Customers served Revenue ($3.504) Expenses: Mages and salaries ($24,200 $1.324) Supplies ($0.729) Insurance ($6,100) Miscellaneous expense (55,100 50.410) Total expense Net operating income Actual Results 43,000 $150,300 80,960 28,840 6,100 20,920 136,820 $ 11,400 Planning Budget 42,000 $147,000 79,640 30,240 6,100 22,320 138,300 $1,700 Variances $3,300 F 1,320 U 1,400 F 0 None 1,400 F 1,480 F $4,780 F Required: Prepare the company's Comprehensive Performance Report for November. Label each variance as favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance), Input all amounts as positive values.)