Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 5,400 client-visits, but itsactual level of activity was 5,420 client-visits. The clinic has provided the following data concerning the formulas used in itsbudgeting and its actual results for January:Data used in budgeting:RevenueFixed element per month Variable element per client-visit$0$ 37.40$ 29,400$ 13.40Personnel expensesMedical supplies 1,700Occupancy expenses 10,400Administrative expenses6,900Total expenses$ 48,4007.401.000.50$ 22.304 Actual results for January:RevenuePersonnel expensesMedical suppliesOccupancy expensesAdministrative expenses$ 150,400$ 70,100$ 20,228$ 14,110$ 7,590AThe overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variancecolumn on the flexible budget performance report) for January would be closest to:$4,930 F$5,232 F$4,930 U$5,232 U

Standard costing is the method of comparing the actual result of business operations with the budget…

Actual results for January: Revenue $ 150,400 $ 70,100 $ 20,228 $ 14,110 $ 7,590 s The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for January would be closest to: $4,930 F $5,232 F $4,930 U $5,232 U Personnel expenses Medical supplies Occupancy expenses Administrative expenses

Actual results for January: Revenue $ 150,400 $ 70,100 $ 20,228 $ 14,110 $ 7,590 s The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for January would be closest to: $4,930 F $5,232 F $4,930 U $5,232 U Personnel expenses Medical supplies Occupancy expenses Administrative expenses

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 8PB: Mesa Aquatics, Inc. estimated direct labor hours as 1,900 in quarter 1, 2,000 in quarter 2.2,200 in...

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Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,500 client-visits, but its actual level of activity was 3,490 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting: Fixed element per month Variable element per client-visit Revenue $ 0 $ 38.20 Personnel expenses $ 33,600 $ 11.00 Medical supplies 1,900 6.20 Occupancy expenses 10,200 1.90 Administrative expenses 6,600 0.30 Total expenses $ 52,300 $ 19.40 Actual results for January: Revenue $ 127,218 Personnel expenses $ 71,860 Medical supplies $ 24,058 Occupancy expenses $ 17,371 Administrative expenses $ 7,547 The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for January would be closest to: $6,930 U…
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ennies 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 element per month Variable element per client-visit Revenue $ 0 $ 35.60 Personnel expenses $ 29,700 $ 10.60 Medical supplies 1,300 6.00 Occupancy expenses 7,800 2.10 Administrative expenses 6,100 0.20 Total expenses $ 44,900 $ 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 activity variance for personnel expenses in November would be closest to: rev: 06_30_2020_QC_CS-208650 Multiple Choice
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