Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Affordable Smiles mobile dentist office budgeted for 4,370 patient visits a year. Affordable Smiles actually saw 4,405 patients during the year and they have

image text in transcribed

Affordable Smiles mobile dentist office budgeted for 4,370 patient visits a year. Affordable Smiles actually saw 4,405 patients during the year and they have provided the following data: Fixed Portion for Budget Variable Portion per Actual Results patient visit for Budget Revenue $74.00 $405,900 Personnel Expenses $70,000 $68,000 Medical Supplies $13.00 $38,200 Occupancy Expenses $12,000 $1.50 $17,000 Admin Expenses $18,000 $0.75 $19,950 Based on the given information, what is the volume variance for revenue? A. $35 Favorable B. $0 C. $2,590 Unfavorable D. $2,590 Favorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Kin Lo, George Fisher

Volume 1, 1st Edition

132612119, 978-0132612111

More Books

Students also viewed these Accounting questions