Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,250

image text in transcribed

Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,250 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February:

Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2.200 client-visits, but its actual level of activity was 2,250 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Fixed Variable element element per per month client-visit $68.20 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses $32,300 1,200 9,700 5,000 $48,200 $21.50 12.50 3.40 0.10 $37.50 Actual results for February: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses $156,210 $ 80,445 $ 30,105 $ 16,800 $ 5,015 The spending variance for medical supplies in February would be closest to: Multiple Choice 0 $1,405 U 0 0 8780F $780 F 0 $1,405 F O 87800

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

Financial And Managerial Accounting Working Papers Volume 1

Authors: Belverd E. Needles

6th Edition

0618102337, 978-0618102334

More Books

Students also viewed these Accounting questions