Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kirnon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 3,450 client-visits, but its actual level of activity was 3,400

Kirnon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 3,450 client-visits, but its actual level of activity was 3,400 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting:

image text in transcribed

Fixed Variable element element per per month client-visit Revenue $39.50 Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses $35,500 $10.70 7.50 1.50 0.60 $51,000 $20.30 1,500 8,500 5,500 The activity variance for personnel expenses in July would be closest to Multiple Choice $535 F $2,975 U $2,975 F $535 U

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

Compliance Audits And Plans For Healthcare

Authors: Cherilyn G. Murer, Michael A. Murer, Lyndean Lenhoff Brick, Healthcare Financial Management Association (U. S.)

1st Edition

0070444625, 978-0070444621

More Books

Students also viewed these Accounting questions

Question

Identify five strategies to prevent workplace bullying.

Answered: 1 week ago