Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2.250 client-visits, but its actual level of activity was 2,300
Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2.250 client-visits, but its actual level of activity was 2,300 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: 00:26:40 Fixed Variable element element per per month client-visit - $68.70 Revenue $22.00 13.00 Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses $32,800 1,700 10,200 5,500 $50,200 390 .60 $39.50 Administrative expenses Total expenses 5,500 $50,200 .60 $39.50 (8 00:26:21 Actual results for February: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses $161,210 $ 81,445 $ 31,105 $ 17,800 $ 6,015 The revenue variance for February would be closest to Multiple Choice
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started