Spohn Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 3,400 client-visits, but its actual level of activity was 3,370 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting for February: Fixed Element Variable element per per Month client-visit Revenue $28.10 Personnel expenses $26,100 $ 7.70 Medical supplies 900 5.10 Оcсирancy eхрenses 5,600 0.80 Administrative expenses 4, 300 0.40 Total expenses $36,900 $14.00 The medical supplies in the flexible budget for February would be closest to: Multiple Choice $17,204 $18.087 $17,512 $18,240

Spohn Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 3,400 client-visits, but its actual level of activity was 3,370 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting for February: Fixed Element Variable element per per Month client-visit Revenue $28.10 Personnel expenses $26,100 $ 7.70 Medical supplies 900 5.10 Оcсирancy eхрenses 5,600 0.80 Administrative expenses 4, 300 0.40 Total expenses $36,900 $14.00 The medical supplies in the flexible budget for February would be closest to: Multiple Choice $17,204 $18.087 $17,512 $18,240

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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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
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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
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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:
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