Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kimon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 4,400 client-visits, but its actual level of activity was 4,460

image text in transcribed
image text in transcribed
Kimon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 4,400 client-visits, but its actual level of activity was 4,460 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Fixed Variable element element per per client-visit month $41.40 Revenue $12.60 Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total penge $37,400 3,400 8,600 7.400 $ 55,800 The activity variance for net operating income in July would be closest to: The activity variance for net operating income in July would be closest to: Multiple Choice $168

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

Energy Management Audit And Conservation

Authors: U. P. Kumar Chaturvedula

1st Edition

6202015985, 978-6202015981

More Books

Students also viewed these Accounting questions