Affordable Smiles mobile dentist office budgeted for 4,320 patient visits a year. Affordable Smiles actually saw 4,480 patients during the year and they have provided the following data: Fixed Portion for Budget Revenue Personnel Expenses Medical Supplies Occupancy Expenses Admin Expenses Variable Portion per Actual Results patient visit for Budget $66.00 $408,800 $60,000 $52,000 $13.00 $38,100 $11,000 $1.75 $15,000 $18,000 $0.50 $19,650 Based on the given information, what is the flexible budget variance for revenue? OA. $10,560 Unfavorable B. $113,120 Unfavorable OC. $113,120 Favorable OD. $10,560 Favorable

Affordable Smiles mobile dentist office budgeted for 4,320 patient visits a year. Affordable Smiles actually saw 4,480 patients during the year and they have provided the following data: Fixed Portion for Budget Revenue Personnel Expenses Medical Supplies Occupancy Expenses Admin Expenses Variable Portion per Actual Results patient visit for Budget $66.00 $408,800 $60,000 $52,000 $13.00 $38,100 $11,000 $1.75 $15,000 $18,000 $0.50 $19,650 Based on the given information, what is the flexible budget variance for revenue? OA. $10,560 Unfavorable B. $113,120 Unfavorable OC. $113,120 Favorable OD. $10,560 Favorable

Managerial Accounting

15th Edition

ISBN:9781337912020

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

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

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 9E: Nozama.com Inc. sells consumer electronics over the Internet. For the next period, the budgeted cost...

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Nozama.com Inc. sells consumer electronics over the Internet. For the next period, the budgeted cost of the sales order processing activity is 250,000 and 50,000 sales orders are estimated to be processed. a. Determine the activity rate of the sales order processing activity. b. Determine the amount of sales order processing cost associated with 30,000 sales orders.
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
Everyone Deserves to Smile mobile dentist office budgeted for 4,350 patient visits a year. Everyone Deserves to Smile actually saw 4,420 patients during the year and they have provided the following data: Fixed Portion for Budget Variable Portion per patient visit for Budget Actual Results Revenue $71.00 $419,600 Personnel Expenses $100,000 $94,000 Medical Supplies $13.00 $38,500 Occupancy Expenses $8,000 $1.75 $18,000 Admin Expenses $19,000 $0.25 $19,850 Based on the given information, what is the flexible budget variance for revenue?
K Affordable Smiles mobile dentist office budgeted for 4,320 patient visits a year. Affordable Smiles actually saw 4,480 patients during the year and they have provided the following data: Fixed Portion for Budget Variable Portion per Actual Results patient visit for Budget Revenue $66.00 $408,800 Personnel Expenses $60,000 $52,000 Medical Supplies $13.00 $38,100 Occupancy Expenses $11,000 $1.75 $15,000 Admin Expenses $18,000 $0.50 $19,650 Based on the given information, what is the flexible budget variance for revenue? A. $10,560 Unfavorable B. $113,120 Unfavorable C. $113,120 Favorable D. $10,560 Favorable
Everyone Deserves to Smile mobile dentist office budgeted for 4,370 patient visits a year. Everyone Deserves to Smile actually saw 4,480 patients during the year and they have provided the following data: Fixed Portion for Budget Variable Portion per patient visit for Budget Actual Results Revenue $73.00 $416,000 Personnel Expenses $90,000 $86,000 Medical Supplies $10.00 $38,900 Occupancy Expenses $8,000 $1.50 $18,000 Admin Expenses $17,000 $0.75 $19,900 Based on the given information, what is the volume variance for revenue?
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…
33) Everyone Deserves to Smile mobile dentist office budgeted for 4365 patient visits a year. Everyone Deserves to Smile actually saw 4400 patients during the year and they have provided the following data: Revenue Personnel Expenses Medical Supplies Occupancy Expenses Admin Expenses Fixed Portion for Budget A) Cannot be determined C) $2000 Favorable $80,000 $12,000 $19,000 Variable Portion per patient visit for Budget $67 $13 $1.75 $0.25 Based on the given information, what is the volume variance for personnel expenses? Actual Results B) $0 D) $2000 Unfavorable $417,000 $78.000 $38.200 $18.000 $19,650 33)
Kirnon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 2,000 client-visits, but its actual level of activity was 2,010 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Fixed element per month Variable element per client-visit Revenue $ 0 $ 43.70 Personnel expenses $ 26,100 $ 12.10 Medical supplies 1,000 6.30 Occupancy expenses 6,800 1.60 Administrative expenses 3,000 0.20 Total expenses $ 36,900 $ 20.20 The activity variance for personnel expenses in July would be closest to:
Kirnon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 2,000 client-visits, but its actual level of activity was 2,010 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Fixed element per month Variable element per client-visit Revenue $ 0 $ 43.70 Personnel expenses $ 26,100 $ 12.10 Medical supplies 1,000 6.30 Occupancy expenses 6,800 1.60 Administrative expenses 3,000 0.20 Total expenses $ 36,900 $ 20.20 The activity variance for net operating income in July would be closest to: Multiple Choice A. $235 F B. $235 U C. $2,825 F D. $2,825 U
Mellow Clinic bases its budgets on patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgetir Variable element per Fixed element per month patient-visit $60.00 Revenues Personnel expenses Medical supplies $24,000 $6.60 $2.40 $6,000 $5,000 Occupancy expenses Administrative expenses The behaviour of the revenue and expenses is valid for between 1,500 and 4,000 patient-visits per month. Required: ) Prepare a flexible budget for 2,000 and 3,000 patient-visits in a month. (14 marks) You may not need to use all the cells. Patient -visits 10 The behaviour of the revenue and expenses is valid for between 1.500 and 4,.000 patient-visits per month 11 12 Required: 13 a) Prepare a flexible budget for 2,000 and 3,000 patient-visits in a month. (14 marks) You may not need to use all the cells. 14 is Patient -visits Variable element per month 2,000 3,000 Revenues Less: variable expenses Medical supplies Occupancy expenses Total variable expenses…
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,650 client-visits, but its actual level of activity was 3,640 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 $ 36.10 Personnel expenses $ 30,200 $ 11.10 Medical supplies 1,550 6.50 Occupancy expenses 8,300 2.60 Administrative expenses 6,600 0.30 Total expenses $ 46,650 $ 20.50 Actual results for November: Revenue $ 131,586 Personnel expenses $ 70,573 Medical supplies $ 26,021 Occupancy expenses $ 17,277 Administrative expenses $ 7,468 The spending variance for medical supplies in November would be closest to:
Kaina Clinic uses client-visits as its measure of activity. During May, the clinic budgeted for 3,000 client-visits, but its actual level of activity was 2,970 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Fixed element per Variable element per client-visit $ 25.80 $ 7.10 month Revenue $ 0 $ 20,200 Personnel expenses Medical supplies 900 4.60 Occupancy expenses Administrative expenses 5,500 0.70 3,500 0.20 Total expenses $ 30,100 $ 12.60 Actual results for May: $ 78,246 $ 42,647 $ 15,002 $ 7,289 $ 4,294 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses The activity variance for net operating income in May would be closest to: