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 3,400 client-visits, but its actual level of activity was 3,390

image text in transcribed
image text in transcribed
image text in transcribed
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,400 client-visits, but its actual level of activity was 3,390 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 Variable element element per per month client-visit $35.60 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses $29,700 1,300 7,800 6,100 $44,900 $10.60 6.00 2.10 0.20 $18.90 Actual results for November Revenue Personnel expenses Medical supplies $120,854 $ 65,608 $ 22, 436 its actual results for November: Data used in budgeting: Fixed Variable element element per per month client-visit $35.60 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses $ 29,700 1,300 7,800 6,100 $44,900 $10.60 6.00 2.10 0.20 $18.90 Actual results for November: Revenue $ 120,854 Personnel expenses $ 65,608 Medical supplies $ 22,436 Occupancy expenses $ 14,437 Administrative expenses $ 6,563 The spending variance for medical supplies in November would be closest to: The spending variance for medical supplies in November would be closest to: Multiple Choice $796 F $7960 $7360 $736 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

Measuring Business Interruption Losses And Other Commercial Damages An Economic Approach

Authors: Patrick A. Gaughan

3rd Edition

1119647916, 9781119647911

More Books

Students also viewed these Accounting questions