Kirnon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 3,350 client-visits, but its actual level of activity was 3,260 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Fixed element per Variable element per client-visit Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses month $ 0 $ 35,300 1,300 8,300 5,300 $ 50,200 The activity variance for net operating income in July would be closest to: Multiple Choice О $1,032 F О $1,782 F О $1,032 U О $1,782 U $ 39.30 $ 10.50 7.30 1.30 0.40 $ 19.50

Kirnon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 3,350 client-visits, but its actual level of activity was 3,260 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Fixed element per Variable element per client-visit Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses month $ 0 $ 35,300 1,300 8,300 5,300 $ 50,200 The activity variance for net operating income in July would be closest to: Multiple Choice О $1,032 F О $1,782 F О $1,032 U О $1,782 U $ 39.30 $ 10.50 7.30 1.30 0.40 $ 19.50

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 2MAD

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Touro Dental Clinic uses patient-visits as its measure of activity. During January, the clinic budgeted for 3,600 patient-visits, but its actual level of activity was 3,500 patient-visits. The clinic uses the following revenue and cost formulas in its budgeting, where q is the number of patient-visits:Revenue: $39.70qPersonnel expenses: $38,700 + $11.50qMedical supplies: $1,000 + $7.30qOccupancy expenses: $11,700 + $1.30qAdministrative expenses: $6,700 + $0.30qThe clinic reported the following actual results for January: Revenue - $132,280 Personnel expenses - 76,500 Medical supplies - 26,300 Rent expenses - 16,310 Administrative expenses - 7,620 Required:Prepare a report showing the clinic's revenue and spending variances for April. Label each variance as favorable (F) or unfavorable (U). Fill in all lines. actual flexible…
Help Save & Exit Leist Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,170 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Fixed Variable element per element per month client-visit Revenue $ 50.80 $ 15.60 Personnel expenses $ 26,600 Medical supplies 1,400 9.40 Occupancy expenses Administrative expenses 7,600 2.40 5,300 0.10 Total expenses $ 40,900 $ 27.50 The occupancy expenses in the flexible budget for September would be closest to: Multiple Choice $13,583 $13 3,21 $12,808 $12,880
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M. Cyrus Rehab Clinic bases its budgets on patient-visits. The clinic's fixed planning budget for November appears below. Note that this fixed budget is based on 8,100 patient-visits: Budgeted number of patient-visits 8,100 Budgeted variable costs: Supplies (@ $4.90 per patient-visit) $39,690 Laundry (@ $4.80 per patient-visit) 38,880 Budgeted fixed costs: Wages and salaries 46,980 Occupancy costs 44,550 Total expense $170,100 Required: Prepare a flexible budget for 8,900 patient-visits per month. Use the template below. Fill in the blanks for each budgeted expense and calculate total expense.
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Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: Budgeted number of patient-visits Budgeted variable overhead costs: Supplies (@$5.50 per patient-visit) Laundry (@$8.50 per patient-visit) Total variable overhead cost Multiple Choice Budgeted fixed overhead costs: Wages and salaries Occupancy costs Total fixed overhead cost Total budgeted overhead cost The total overhead cost at an activity level of 7,700 patient-visits per month should be: о O $261,690 $251,890 $247,700 7,000 $237,900 $ 38,500 59,500 98,000 53,650 86,250 139,900 $ 237,900
ILS Duugets on patlent-Visits. The hospital's static budget for October appears below: Pudsou ana su saS Budgeted number of patient-visits Budgeted variable overhead costs: Supplies (@$5.80 per patient-visit) Laundry (@$8.80 per patient-visit) Total variable overhead cost Budgeted fixed overhead costs: Wages and salaries 8,300 $ 48,140 73,040 121, 180 54,400 Occupancy costs Total fixed overhead cost 141, 100 Total budgeted overhead cost $262, 280 The total overhead cost at an activity level of 9,000 patient-visits per month should be: Multiple Cholce $284,400 $274180 $272.500 Mc 1 of 10 Type here to search 近 DE
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