The spending variance for supplies costs in the flexible budget performance report for the month is:Multiple Choice$2,370 U$2,830 U$2,370 F$2,830 F Isadore Hospital bases its budgets on patient-visits. The hospital's static planning budget for July appears below:Budgeted number of patient-visitsSupplies (@ $4.60 per patient-visit)Laundry (@ $7.20 per patient-visit)7,700$ 35,42055,440Salaries46, 200Occupancy costs67,760Total$ 204,820Actual results for the month were:Actual number of patient-visits7,800SuppliesLaundry$38,250$61,240Salaries$46,190Occupancy costs$65,650The spending variance for supplies costs in the flexible budget performance report for the month is:

Solution: Spending variance for occupancy costs = Occupancy costs in flexible budget - Actual cost…

re Hospital bases its budgets on patient-visits. The hospital's static planning budget for July appears Igeted number of patient-visits plies (@ $4.60 per patient-visit) ndry (@ $7.20 per patient-visit) 7,700 $ 35,420 55,440 aries 46, 200 upancy costs 67,760 al $ 204,820 results for the month were: ual number of patient-visits plies ndry aries upancy costs 7,800 $38,250 $61,240 $46,190 $65,650 ending variance for supplies costs in the flexible budget performance report for the month is:

re Hospital bases its budgets on patient-visits. The hospital's static planning budget for July appears Igeted number of patient-visits plies (@ $4.60 per patient-visit) ndry (@ $7.20 per patient-visit) 7,700 $ 35,420 55,440 aries 46, 200 upancy costs 67,760 al $ 204,820 results for the month were: ual number of patient-visits plies ndry aries upancy costs 7,800 $38,250 $61,240 $46,190 $65,650 ending variance for supplies costs in the flexible budget performance report for the month is:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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