KAffordable Smiles mobile dentist office budgeted for 4,320 patient visits a year. Affordable Smiles actually saw 4,480 patients during the year and they have provided the following data:Fixed Portion for Budget Variable Portion per Actual Resultspatient visit for BudgetRevenue$66.00$408,800Personnel Expenses$60,000$52,000Medical Supplies$13.00$38,100Occupancy Expenses$11,000$1.75$15,000Admin Expenses$18,000$0.50$19,650Based on the given information, what is the flexible budget variance for revenue?A. $10,560 UnfavorableB. $113,120 UnfavorableC. $113,120 FavorableD. $10,560 Favorable

Flexible Budget Variance-Flexible Budget Variance is the difference between the actual result and…

Answered: OA. $10,560 Unfavorable OB. $113,120…

Business

Accounting

OA. $10,560 Unfavorable OB. $113,120 Unfavorable OC. $113,120 Favorable OD. $10,560 Favorable

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 4BE: Pasadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires...

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33) Everyone Deserves to Smile mobile dentist office budgeted for 4365 patient visits a year. Everyone Deserves to Smile actually saw 4400 patients during the year and they have provided the following data: Revenue Personnel Expenses Medical Supplies Occupancy Expenses Admin Expenses Fixed Portion for Budget A) Cannot be determined C) $2000 Favorable $80,000 $12,000 $19,000 Variable Portion per patient visit for Budget $67 $13 $1.75 $0.25 Based on the given information, what is the volume variance for personnel expenses? Actual Results B) $0 D) $2000 Unfavorable $417,000 $78.000 $38.200 $18.000 $19,650 33)
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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I need help with a few problems from the past chapters im still stuck with.
Willow Clinic bases its budgets on patient-visits. During October, the clinic plans for a level of activity of 2,250 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting: Fixed elementper month Variable element per patient-visit Revenue - $ 68.00 Personnel expenses $ 24,700 $ 26.00 Medical supplies $ 850 $ 7.40 Occupancy expenses $ 5,550 $ 3.20 Administrative expenses $ 4,250 $ 14.20 Required: Prepare the clinic's planning budget for October.
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Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4,300 client-visits, but its actual level of activity was 4,290 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: Fixed element per month Variable element per client-visit Revenue - $ 37.40 Personnel expenses $ 31,500 $ 12.40 Medical supplies 2,200 7.80 Occupancy expenses 9,600 3.90 Administrative expenses 7,900 0.40 Total expenses $ 51,200 $ 24.50 Actual results for November: Revenue $ 160,661 Personnel expenses $ 84,652 Medical supplies $ 36,512 Occupancy expenses $ 25,831 Administrative expenses $ 9,367 The spending variance for medical supplies in November would be closest to:
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4,200 client-visits, but its actual level of activity was 4,190 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: Fixed element per month Variable element per client-visit Revenue - $ 37.20 Personnel expenses $ 31,300 $ 12.20 Medical supplies 2,100 7.60 Occupancy expenses 9,400 3.70 Administrative expenses 7,700 0.20 Total expenses $ 50,500 $ 23.70 Actual results for November: Revenue $ 156,078 Personnel expenses $ 82,376 Medical supplies $ 34,788 Occupancy expenses $ 24,405 Administrative expenses $ 8,291 The activity variance for personnel expenses in November would be closest to:
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4,100 client-visits, but its actual level of activity was 4,090 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: Fixed element per monthVariable element per client-visitRevenue - $37.00 Personnel expenses$31,100 $12.00Medical supplies 2,000 7.40Occupancy expenses 9,200 3.50Administrative expenses 7,500 0.40Total expenses$49,800 $23.30 Actual results for November: Revenue$151,535 Personnel expenses$80,140 Medical supplies$33,104 Occupancy expenses$23,019 Administrative expenses$8,895 The spending variance for medical supplies in November would be closest to: Multiple Choice $838 F $838 U $764 U $764 F
The administrator of Break-a-Leg Hospital is aware of the need to keep his costs down because he just negotiated a new capitated arrangement with a large insurance company. Below are selected planned and actual expenses for the previous month. Givens: Budgeteda Actual A Patient days 27,000 26,000 B Pharmacy $120,000 $160,000 C Miscellaneous supplies $66,000 $77,500 D Fixed overhead costs $808,000 $880,000 1. Prepare a flexible expense estimate for variable costs. . Flexible budget estimate. Budgeted Flexible Actual Patient days 27,000 26,000 Cost per patient day $6.89 $9.13 Total cost $186,000 $237,500 2. Compute the volume variance.3. Compute the cost variance. 4. Compute the per unit cost variance. 5. Is the unfavorable variance caused by the volume of patients or the cost…
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 its budgeting 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.