Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chimilio Clinic uses client-visits as its measure of activity. During June, the clinic budgeted for 3,400 client-visits, but its actual level of activity was 3,360

image text in transcribed

Chimilio Clinic uses client-visits as its measure of activity. During June, the clinic budgeted for 3,400 client-visits, but its actual level of activity was 3,360 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for June: Fixed Variable Element element per per Monthclient-visit Revenue $33.70 Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses $27,300 1,200 9,000 4,100 41,600 $10.70 5.50 1.50 0.30 $18.00 Actual resuits for January Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses 5, 068 $112,062 $ 64,602 $ 19,900 $ 13,640 The net operating income in the flexible budget for June would be closest to: Multiple Choice $8,957 $11,152 $11,780 $8,748

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

Are You Legal A Personal Legal Audit And Empowerment Tool

Authors: Nelson P. Miller

1st Edition

099055533X, 978-0990555339

More Books

Students also viewed these Accounting questions

Question

7. What decisions would you make as the city manager?

Answered: 1 week ago

Question

8. How would you explain your decisions to the city council?

Answered: 1 week ago