Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 7 1.5 points Save Answer Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200 client-visits, but its

image text in transcribed

Question 7 1.5 points Save Answer Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,250 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Fixed element per month Variable element per client-visit $0 Revenue $ 68.20 $21.50 Personnel expenses Medical supplies $32,300 1,200 12.50 Occupancy expenses 9,700 3.40 Administrative expenses 5,000 0.10 Total expenses $ 48,200 $ 37.50 Actual results for February: Revenue $ 156,210 Personnel expenses $ 80,445 Medical supplies $ 30,105 Occupancy expenses $ 16,800 Administrative expenses $ 5,015 The revenue variance for February would be closest to: O $6,170 F O $2,760 F O $2,760 U O $6,170 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

Getting Clinical Audit Right To Benefit Patients

Authors: Healthcare Quality

1st Edition

1873543069, 978-1873543061

More Books

Students also viewed these Accounting questions

Question

What is meant by 'Wealth Maximization ' ?

Answered: 1 week ago