Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,200 client-visits, but its actual level of activity was4,180 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for JanuaryData used in budgetingRevenuePersonnel expensesMedical suppliesOccupancy expensesAdministrative expensesTotal expensesActual results for JanuaryRevenuePersonnel expensesMedical suppliesOccupancy expensesAdministrative expensesFixed element Variable element.per month50$ 28,2001,10010,1007,200$ 46,600$ 126,350$ 70,120$ 21,112$ 14,110.$ 7,870per client-visit$36.20$ 12.206.201.000.30$19.70The overall revenue and spending variance (Le.. the variance for net operating income in the revenue and spending variance column on the flexible budgetperformance report) for January would be closest to: 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:Multiple Choice$9,232 F$9,562 U$9,232 U$9,562 F

Revenue and spending variance :— It is the difference between actual results and flexible budget.…

Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,200 client-visits, but its actual level of activity was 4,180 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 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses Actual results for January Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Fixed element per month $0 $ 28,200 1,100 10,100 7,200 $ 46,600 $ 126,350 $ 70,120 $ 21,112 $ 14,110 $ 7,870 Variable element. per client-visit $36.20 $ 12.20 6.20 1.00 0.30 $19.70 The overall revenue and spending variance (Le.. 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:

Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,200 client-visits, but its actual level of activity was 4,180 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 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses Actual results for January Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Fixed element per month $0 $ 28,200 1,100 10,100 7,200 $ 46,600 $ 126,350 $ 70,120 $ 21,112 $ 14,110 $ 7,870 Variable element. per client-visit $36.20 $ 12.20 6.20 1.00 0.30 $19.70 The overall revenue and spending variance (Le.. 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:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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