Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $62.90 per patient-visit. Personnel

image text in transcribed
image text in transcribed
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $62.90 per patient-visit. Personnel expenses should be $36,400 per month plus S16,50 per patient-visit, Medical supplies should be $2700 per month plus $11.90 per patient-visit. Occupancy expenses should be 59100 per month plus $5.50 per patient-visit: Administrative expenses should be $4600 per month plus $360 per patient-visit. The clinic reported the following actual results for November Patient visits 2,870 Revenue $ 199,240 Personnel expenses $ 89,320 Medical Supplies Occupancy expenses Administrative expenses 59,750 Required: Prepare a report showing the clinic's revenue and spending variances for November Label each variance as favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (e, zero variance). Input all amounts as positive values.) 5.40.240 $ 19,350 Lalute Clinic Revenue and Spending Varlances For the Month Ended November 30 Actual Results Flexible Budget 2870 2870 Revenue and Spending Variances Patients put all amounts as positive values.) for unfavorable, and "None" Laizure Clinic Revenue and Spending Variances For the Month Ended November 30 Actual Results Flexible Budget 2,870 2,870 Revenue and Spending Variances Patient-visits Revenue Expenses Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expense Net operating income

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

More Books

Students also viewed these Accounting questions

Question

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago