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A local medical clinic measures their activity on the number of patient-visits. Information for how monthly budgets are built is set forth below. Revenue should
A local medical clinic measures their activity on the number of patient-visits. Information for how monthly budgets are built is set forth below. Revenue should be $72.90 per patient-visit. Employee expenses should be $37.400 per month plus $17.50 per patient-visit. Medical supplies should be $3,700 per month plus $12.90 per patient-visit. Occupancy expenses should be $10,100 per month plus $10.50 per patient-visit. Administrative expenses should be $5,600 per month plus $8.60 per patient-visit. The clinic reported the following actual results for November Patient-visits Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses 2,970 $249,240 $ 99,320 $ 48,240 $ 27,350 $ 17,750 Required: Prepare a report showing the clinic's revenue and spending variances 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.) Laizure Clinic Revenue and Spending Variances For the Month Ended November 30 Actual Results Flexible Budget 2,970 2.970 Revenue and Spending Variances Patient-visits Revenue Expenses
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