Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,750 client-visits, but its actual level of activity was 3,740 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 Variable Fixed element element per per month client-visit $36.30 $30,400 1,650 8,500 6,800 $47,350 $135,949 $ 72,629 $ 27,525 $ 18,483 $ 8,444 $11.30 6.70 2.80 0.50 $21.30 The spending variance for medical supplies in November would be closest to:

Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,750 client-visits, but its actual level of activity was 3,740 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 Variable Fixed element element per per month client-visit $36.30 $30,400 1,650 8,500 6,800 $47,350 $135,949 $ 72,629 $ 27,525 $ 18,483 $ 8,444 $11.30 6.70 2.80 0.50 $21.30 The spending variance for medical supplies in November 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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