Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jiminian Clinic uses client-visits as its measure of activity. During March, the clinic budgeted for 3,700 client-visits, but its actual level of activity was 3,660

Jiminian Clinic uses client-visits as its measure of activity. During March, the clinic budgeted for 3,700 client-visits, but its actual level of activity was 3,660 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting:

Fixed element per month Variable element per client-visit
Revenue ? $31.00
Personnel expenses $35,700 $8.10
Medical supplies 1,800 4.50
Occupancy expenses 8,800 1.10
Administrative expenses 3,900 0.40
Total expenses $50,200 $14.10

Actual results for March:

Revenue $115,860
Personnel expenses $66,226
Medical supplies $18,810
Occupancy expenses $12,356
Administrative expenses $5,224

The medical supplies in the flexible budget for March would be closest to:

$19,016

$18,270

$18,607

$18,450

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

Essentials Of Xbrl Financial Reporting In The 21st Century

Authors: Bryan Bergeron

1st Edition

0471220779, 978-0471220770

More Books

Students also viewed these Accounting questions

Question

List out some inventory management techniques.

Answered: 1 week ago