A. $6,722 F B. $3,282 U C. $3,282 F D. $6,722 U Fager Clinic uses client-visits as
Fantastic news! We've Found the answer you've been seeking!
Question:
A. $6,722 F
B. $3,282 U
C. $3,282 F
D. $6,722 U
Transcribed Image Text:
Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,260 client-visits, but its actual level of activity was 2,310 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February Data used in budgeting: Fixed element per month Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses Actual results for February Revenue Personnel expenses $ 162,210 $ 81,645 Medical supplies Occupancy expenses Administrative expenses $ 31,305 $ 18,000 $ 6,215 The revenue variance for February would be closest to: $ 0 $ 32,900 1,800 10,300 5,600 $ 50,600 Variable element per client-visit $ 68.80 $ 22.10 13.10 4.00 .70 $ 39.90 Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,260 client-visits, but its actual level of activity was 2,310 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February Data used in budgeting: Fixed element per month Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses Actual results for February Revenue Personnel expenses $ 162,210 $ 81,645 Medical supplies Occupancy expenses Administrative expenses $ 31,305 $ 18,000 $ 6,215 The revenue variance for February would be closest to: $ 0 $ 32,900 1,800 10,300 5,600 $ 50,600 Variable element per client-visit $ 68.80 $ 22.10 13.10 4.00 .70 $ 39.90
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
You want to short a 6-month forward contract on a stock. You contacted your bank and were offered a forward price of $39.85 [Note: This forward price is available only to customers who want to take a...
-
1. Design a code scheme that will meet the marketing managers stated requirements. 2. Suggest a code scheme that will identify each Western Wear customer. 3. Suggest a code scheme that will identify...
-
What discount rates are typically used for development stage, startup-stage, survival-stage, and early growthstage ventures?
-
The Arcadia Company is contemplating a large capital investment of \($32\) million in new productionline equipment, which is expected to have a useful life of six years and a residual value of \($2\)...
-
Fortress Hill Corporation has assembled the following information related to the purchase of a new cable car: Using incremental analysis and only relevant information, compute the difference in favor...
-
At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2,509,000. The manager also estimated the following overhead costs for the year. Indirect labor $...
-
1) If productivity in Canada lags behind that of other industrialized countries, what will happen to Canada standard of living. 2) What do you think is more important, increasing productivity or...
-
Describe and compare the four leadership styles of the pathgoal model of leadership.
-
Can college athletes use stress management to improve their performance?
-
How are BCF statements used?
-
What is meant by ownership of the problem?
-
Can management order the end of power and politics in the organization? Should it? Why or why not?
-
A sphere of uniform charge density p, and radius a is centered on the z-axis. Determine the electric field along the on the z-axis at z = a if the upper portion of the sphere is removed for z> a/2....
-
In the busy port of Chennai, India, the number of containers loaded onto ships during a 15-week period is as follows: 1. Develop a linear trend equation to forecast container loadings. 2. Using the...
-
Joe, the nurse manager for CCU, counsels Registered Nurse Bob about his errors in charting and tells Bob that the next time an error is made, a formal warning will be put in his personnel file. Bob...
-
Which theorist helps a manager understand why an employee who does not feel safe on the job cannot perform his or her job duties well? A. Maslow. B. Herzberg. C. Vroom. D. Alderfer.
-
Research by Aiken et al. on magnet hospitals shows: A. Job satisfaction has no impact on an organizations effectiveness. B. Magnet hospitals have high turnover rates. C. Job satisfaction is...
Study smarter with the SolutionInn App