Question: Part B - Managerial Accounting in practice 11 Data used in budgeting: Fixed element per month Variable element per patient-visit Revenue. $30.80 Personnel expenses

Part B - Managerial Accounting in practice 11 Data used in budgeting:

Part B - Managerial Accounting in practice 11 Data used in budgeting: Fixed element per month Variable element per patient-visit Revenue. $30.80 Personnel expenses $26,000 $9.60 Medical supplies. $1.800 $5.90 Occupancy expenses.......... $7,900 $0.90 Administrative expenses.... $6,000 $0.40 Actual results for May: Revenue.... $125.710 Personnel expenses $66,800 Medical supplies $24.940 Occupancy expenses.......... $11.560 Administrative expenses. $7.620 Kary Clinic uses patient-visits as its measure of activity. During May, the clinic budgeted for 3,800 patient-visits, but its actual level of activity was 4,100 patient-visits. The clinic has provided data shown in the picture concerning the formulas used in its budgeting and its actual results for May. Required: Prepare a report showing the clinic's revenue and spending variances for May. Label each variance as favorable (F) or unfavorable (U). (Domanda non anonima) (10/10 punti)

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