Doubleday Clinic uses client-visits as its measure of activity. During June, the clinic budgeted for 3,200 client-visits, but its actual level of activity was 3,180 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting for June:

	Fixed Element	Variable Element
	Per Month	Per Month
Revenue		$31.20
Personnel Expenses	$31,800	$8.10
Medical Supplies	1,700	4.20
Occupancy Expense	7,100	1.10
Administrative Expense	3,200	.10
Total Expenses	$43,800	$13.50

The net operating income in the planning budget for June would be closest to:

Multiple Choice

• $12,486

• $15,573

• $12,840

• $15,379