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Lalzure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $58.90 per patient-visit. Personnel
Lalzure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $58.90 per patient-visit. Personnel expenses should be $36,000 per month plus $16.10 per patient-visit. Medical supplies should be $2,300 per month plus $11.50 per patient.visit Occupancy expenses should be $8,700 per month plus $3.50 per patient.visit. Administrative expenses should be $4,200 per month plus $1.60 per patient.visit The clinic reported the following actual results for November Patient.visits 2,830 $ 179,240 Personnel expenses $ 89,320 Medical supplies $ 37,040 Occupancy expenses $16,150 Administrative expenses 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.) Revenue Laizure Clinic Revenue and Spending Variances For the Month Ended November 30 Actual Results Flexible Budget 2,830 2,830 Revenue and Spending Variances Pabortvisits Revenue Expenses MY A Administrative expenses > 10,150 $ 6,550 Required: Prepare a report showing the clinic's revenue and spending vartances 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 (i.e., zero variance). Input all amounts as positive values.) Laizure Clinic Revenue and Spending Variances For the Month Ended November 30 Actual Results Revenue and Spending Flexible Budget Variances Patient visits 2,830 2830 Revenue Expenses Personnel exp Medical supplies Occupancy expenses Administrative expenses Total expense Not operating income
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