Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3.700 client-visits, but its actual level of activity was 3.690
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3.700 client-visits, but its actual level of activity was 3.690 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 $36.20 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses $30,300 1,600 8,400 6,700 $47,000 $11.20 6.60 2.70 0.40 $20.90 Actual results for November: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses $133,763 $ 71,596 $ 26,768 $ 17,875 $ 7,951 The spending variance for medical supplies in November would be closest to: Multiple Choice $814 F o o o $814 U $748 U O $748 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