Speyer Medical Clinic measures its activity in terms of patient-visits Last month, the budgeted level of activity was 1,180 patient-visits and the actual level of activity was 1170 patient-visits. The cost formula for administrative expenses is $4.20 per patient-visit plus $23,000 per month. The actual administrative expense was $22,900. In the clinle's flexible budget performance report for last month, the spending verlance for administrative expenses was: Multiple Choice $5,014 F $42F $5,056 F $2.020 F Crocett Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations Budgeted selling price per unit $ 121 Budgeted unit sales (all on credit) January 7,000 February 7,500 March 11,900 April 14,900 Credit sales are collected: 40% in the month of the sole 60% in the following month The budgeted accounts receivable balance at the end of February is closest to Multiple Choice 5363,000 Piper Corporation's standards call for 2.875 direct labor-hours to produce 1150 units of product. During October the company worked 900 direct labor-hours and produced 900 units. The standard hours allowed for October would be: Multiple Choice 2,875 hours 1975 hours 2.250 hours 1050 hours