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Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4,250 client-visits, but its actual level of activity was 4,240
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4,250 client-visits, but its actual level of activity was 4,240 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 | - | $ | 37.30 | ||
Personnel expenses | $ | 31,400 | $ | 12.30 | |
Medical supplies | 2,150 | 7.70 | |||
Occupancy expenses | 9,500 | 3.80 | |||
Administrative expenses | 7,800 | 0.30 | |||
Total expenses | $ | 50,850 | $ | 24.10 | |
Actual results for November:
Revenue | $ | 158,364 | |
Personnel expenses | $ | 83,509 | |
Medical supplies | $ | 35,645 | |
Occupancy expenses | $ | 25,113 | |
Administrative expenses | $ | 8,824 | |
The spending variance for medical supplies in November would be closest to:
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