Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bartosiewicz Clinic uses client - visits as its measure of activity. During January, the clinic budgeted for 4 , 2 0 0 client - visits,

Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,200 client-visits, but its actual level of activity was 4,180 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January:
Data used in budgeting:
Fixed element per month Variable element per client-visit
Revenue $ 0 $ 36.20
Personnel expenses $ 28,200 $ 12.20
Medical supplies 1,1006.20
Occupancy expenses 10,1001.00
Administrative expenses 7,2000.30
Total expenses $ 46,600 $ 19.70
Actual results for January:
Revenue $ 126,350
Personnel expenses $ 70,120
Medical supplies $ 21,112
Occupancy expenses $ 14,110
Administrative expenses $ 7,870
The activity variance for net operating income in January would be closest to:

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

Accounting And Finance For Non Specialists

Authors: Eddie McLaney, Peter Atrill

2nd Edition

0135717469, 9780135717462

More Books

Students also viewed these Accounting questions

Question

=+48. Oil prices, again. Return to the oil price data of Exercise

Answered: 1 week ago

Question

Th eir solution was to give me a long-distance number to call.

Answered: 1 week ago