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 2,330 client-visits, but its actual level of activity was 2,380

image text in transcribed
Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,330 client-visits, but its actual level of activity was 2,380 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 $69.50 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses $33,600 2,500 11,000 6,300 $53,400 $22.80 13.80 4.70 1.40 $42.70 Actual results for February: Revenue $169,210 Personnel expenses $ 83,045 Medical supplies $ 32,705 Occupancy expenses $ 19,400 Administrative expenses $ 7,615 The revenue variance for February 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

Financial Investigation And Forensic Accounting

Authors: George A Manning

3rd Edition

0367864347, 9780367864347

More Books

Students also viewed these Accounting questions