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 4,000 client-visits, but its actual level of activity was 3,920

image text in transcribed
image text in transcribed
Kimon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 4,000 client-visits, but its actual level of activity was 3,920 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Fixed Variable element element per per month client-visit $40.60 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses $36,600 2,600 9,600 6,600 $55,400 $11.80 8.60 2.60 0.80 $23.80 The activity variance for administrative expenses in July would be closest to Multiple Choice Prov 23 of 40 1 Next > AD Multiple Choice o o o o and Windows

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

Prescription Audit And Client Satisfaction A Health Service Research Study Based On Outdoor Patients

Authors: Amitabha Chattopadhyay

1st Edition

3843355541, 978-3843355544

Students also viewed these Accounting questions