Question
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4,100 client-visits, but its actual level of activity was 4,090
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4,100 client-visits, but its actual level of activity was 4,090 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 $ 37.00 Personnel expenses $ 31,100 $ 12.00 Medical supplies 2,000 7.40 Occupancy expenses 9,200 3.50 Administrative expenses 7,500 0.40 Total expenses $ 49,800 $ 23.30 Actual results for November: Revenue $ 151,535 Personnel expenses $ 80,140 Medical supplies $ 33,104 Occupancy expenses $ 23,019 Administrative expenses $ 8,895 The spending variance for medical supplies in November would be closest to: Multiple Choice $838 F $838 U $764 U $764 F
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started