Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tennies Clinic uses client - visits as its measure of activity. During November, the clinic budgeted for 3 , 7 5 0 client - visits,

Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,750 client-visits, but its actual level of activity was 3,740 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for November:
Data used in budgeting:
Fixed element per month Variable element per client-visit
Revenue $ 0 $ 36.30
Personnel expenses $ 30,400 $ 11.30
Medical supplies 1,6506.70
Occupancy expenses 8,5002.80
Administrative expenses 6,8000.50
Total expenses $ 47,350 $ 21.30
Actual results for November:
Revenue $ 135,949
Personnel expenses $ 72,629
Medical supplies $ 27,525
Occupancy expenses $ 18,483
Administrative expenses $ 8,444
The spending variance for medical supplies in November would be closest to:
Multiple Choice
$750 F
$817 U
$750 U
$817 F

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

Sound Investing, Chapter 17 - Off-Balance-Sheet Shams

Authors: Kate Mooney

1st Edition

0071719393, 9780071719391

More Books

Students also viewed these Accounting questions

Question

Find the orthogonal trajectories of the family of curves ye^4x=C

Answered: 1 week ago