Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,000 client-visits, but its actual level of activity was 2,980 client-visits. The clinic has providedthe following data concerning the formulas used in its budgeting and its actual results for January:Data used in budgeting:Fixed elementVariable elementper month$ 0$ 27,000per client-visit$ 35.00RevenuePersonnel expensesMedical supplies$ 11.001,0005.00Occupancy expenses10,0001.00Administrative expenses6,0000.10Total expenses$ 44,000$ 17.10Actual results for January:$ 124,650$ 72,000$ 22,700$ 14,600$ 8,105RevenuePersonnel expensesMedical suppliesОсcuрancy exрensesAdministrative expensesThe 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 beclosest to: Multiple Choice$2,097 F$2,455 U$2.097 U$2,455 F

Flexible budget is that type or form of budget, which changes directly with change in activity…

Answered: Bartosiewicz Clinic uses client-visits…

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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Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: Budgeted number of patient-visits 9,500 Budgeted variable overhead costs: Supplies (@$5.20 per patient-visit) $ 49,400 Laundry (@$8.20 per patient-visit) 77,900 Total variable overhead cost 127,300 Budgeted fixed overhead costs: Wages and salaries 52,900 Occupancy costs 85,800 Total fixed overhead cost 138,700 Total budgeted overhead cost $ 266,000 The total overhead cost at an activity level of 10,200 patient-visits per month should be
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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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?
Capelli Hospital bases its budgets on patient-visits. The hospital's static budget for August appears below: Budgeted number of patient-visits Budgeted variable costs: Supplies (@$5.00 per patient-visit) 8,300 $ 41,500 Laundry (@$7.30 per patient-visit) 60,590 Total variable cost 102,090 Budgeted fixed costs: Wages and salaries 60,590 Occupancy costs 73,040 Total fixed cost 133,630 Total cost $235,720 The total variable cost at the activity level of 9,300 patient-visits per month should be: Multiple Choice $133,630 $114,390 $149,730 $102,090
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4,000 client-visits, but its actual level of activity was 3,990 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: Revenue Personnel expenses Medical supplies occupancy expenses Administrative expenses Total expenses Actual results for November: Revenue Personnel expenses Medical supplies occupancy expenses Administrative expenses Multiple Choice $832 F $832 U $760 U Fixed element Variable element per per month client-visit $36.80 The spending varlance for medical supplies in November would be closest to: $760 F $30,900 1,900 9,000 7,300 $49,100 $147,032 $ 77,944 $ 31,460 $ 21,673 $ 7,859 $11.80 7.20 3.30 0.20 $22.50
Capelli Hospital bases its budgets on patient-visits. The hospital's static budget for August appears below: Budgeted number of patient-visits Budgeted variable costs: Supplies (@$8.70 per patient-visit) Laundry (@$8.40 per patient-visit) Total variable cost Budgeted fixed costs: Wages and salaries Occupancy costs Total fixed cost Total cost Multiple Choice The total variable cost at the activity level of 8,700 patient-visits per month should be: $148,770 O $147,060 $209,650 8,600 $ 74,820 72,240 147,060 $207,320 99,660 107,660 207,320 $ 354,380
Mayo Clinic uses patient-visits as its measure of activity. During September, the clinic budgeted for 3,000 patient-visits, but its actual level of activity was 2,900 patient-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for September: Data used in budgeting: Revenue Personnel expenses Medical supplies. Occupancy expenses. Administrative expenses.. Actual results for September: Revenue Personnel expenses. Medical supplies. Occupancy expenses. Administrative expenses..... Fixed element per month $27,600 $1,500 $6,200 $3,600 $105,010 $61,020 $22,120 $10,930 $4,570 Variable element per patient-visit $37.20 $11.30 $6.80 $1.70 $0.30 Compute the total Revenue variance (due to a difference in the actual amount collected per customer from expected). State answer as a positive.
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Isadore Hospital bases its budgets on patient-visits. The hospital's static budget for July appears below: Budgeted number of patient visits 7,700 Budgeted variable overhead costs: Per patient-visit Supplies Laundry Total variable overhead costs $4.60 $35,420 55,440 90,860 $7.20 Budgeted fixed overhead costs: Salaries 46,200 67,760 113,960 $204,820 Occupancy costs Total fixed overhead costs Total budgeted overhead costs The relevant range of activity is from 6,000 to 8,000 patient-visits per month. What would be the total variable overhead costs at an activity level of 7,800 patient- visits per month? $92,040. $207,480. $115,480. $206,300.
Speyer Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1200 patient-visits and the actual level of activity was 1190 patient-visits. The cost formula for administrative expenses is $4.40 per patient-visit plus $24,000 per month. The actual administrative expense was $23,500. Last month the clinic's spending variance for administrative expenses was:
During June, Tarras Corporation plans to serve 46,000 customers. The company uses the following revenueand cost formulas in its budgeting, where Q is the number of customers served. Revenue:$4.40Q Wages and salaries:$34,600 + $1.67Q Supplies:$0.87Q Insurance:$15,000 Miscellaneous expenses:$5,600 + $0.57Q Required:Prepare the company's planning budget for June. Show all your calculations and you may round youranswers to the nearest dollar.

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