Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE ANSWER I WILL THUMBS UP. BLINK Corp. uses client-days as its measure of activity - a client that spends one day in their wellness

PLEASE ANSWER I WILL THUMBS UP.

BLINK Corp. uses client-days as its measure of activity - a client that spends one day in their wellness center is counted as one client-day.

During June, BLINK's wellness center budgeted for 5,000 client-days, but its actual level of activity was 5,030 client-days. BLINK used the following data in budgeting:

image text in transcribed

Question: BLINKs spending variance for food and supplies in June would be closest to?

a) $363 U

b) $825 U

c) $363 F

d) $825 F

Fixed element per month Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses $ 0 $ 2,200 1,400 7,800 6,300 $ 17,700 Variable element per client-day $ 35.50 $ 8.90 15.40 4.40 0.20 $ 28.90 Blink's actual results for June: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $ 151,125 $ 28,690 $ 79,225 $ 29,130 $ 7,109

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_2

Step: 3

blur-text-image_3

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

Report On Trade Conditions In China

Authors: Harry R. Burrill, Raymond F. Crist

1st Edition

1138617806, 9781138617803

More Books

Students also viewed these Accounting questions