Question

Coody Clinic uses patient-visits as its measure of activity. The clinic has provided the following report:...

Coody Clinic uses patient-visits as its measure of activity. The clinic has provided the following report: Coody Clinic Comparison of Actual Results to Flexible Budget For the Month Ended July 31 Static Budget Flexible Budget Actual Results Variances Patient-visits 2,300 2,000 Revenue ($36.40q) $83,720 $76,110 Expenses: Personnel expenses ($20,400 + $10.40q) 44,320 43,240 Administrative expenses ($2,400 + $0.40q) 3,320 3,080 Total expense 47,640 46,320 Net operating income $36,080 $29,790 Required: Complete the report showing the clinic's revenue and spending variances for July. Label each variance as favorable (F) or unfavorable (U).

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Managerial Accounting Exercise 2. Almana Hospital uses patient-visits as its measure of activity. The hospital has...
Managerial Accounting Exercise 2. Almana Hospital uses patient-visits as its measure of activity. The hospital has provided the following report: Almana Hospital Comparison of Actual Results to Planning Budget For the Month Ended May 31 Actual Results Planning Budget Flexible Budget Variances Patient-visits 2,000 2,300 Revenue ($36.40q) $76,110   $83,720 Expenses:     Personnel expenses ($20,400 + $10.40q) 43,240 44,320     Medical supplies ($1,100 + $6.60q) 13,990 16,280     Occupancy expenses ($6,400 + $1.50q) 9,800 9,850     Administrative expenses ($2,400 + $0.40q)     3,080     3,320 Total expense...
Boston Clinic uses patient-visits as its measure of activity. The clinic has provided the following report:...
Boston Clinic uses patient-visits as its measure of activity. The clinic has provided the following report: Boston Clinic Comparison of planning budget to actual results For the month ended December 31 Planing Budget Actual Reults Variances Patiens Visits 2,000 2,400 Revenue ($58.10/ patient) $116,200 $142,080 $25,880 F Expenses:    Personnel expenses ($30,000 + $17.40/patient) 65,200 74,250 9,050 U    Medical supplies ($1,300 + $9.6/patient) 20,500 24,670 4,170 U    Occupancy expenses ($9,000 + $1.9/patient) 12,800 14,020 1,220 U    Administrative...
A clinic uses patient-visits as its measure of activity. During July, the clinic budgeted for 2,700...
A clinic uses patient-visits as its measure of activity. During July, the clinic budgeted for 2,700 patient-visits, but its actual level of activity was 3,200 patient-visits. The clinic uses the following revenue and cost formulas in its budgeting, where q is the number of patient-visits: Revenue: $49.60q Personnel expenses: $31,200 + $15.10q Medical supplies: $700 + $9.60q Occupancy expenses: $10,000 + $2.00q Administrative expenses: $7,000 + $0.20q The clinic reported the following actual results for July: Revenue $165,680 Personnel expenses...
aizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the...
aizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $64.90 per patient-visit. Personnel expenses should be $36,600 per month plus $16.70 per patient-visit. Medical supplies should be $2,900 per month plus $12.10 per patient-visit. Occupancy expenses should be $9,300 per month plus $6.50 per patient-visit. Administrative expenses should be $4,800 per month plus $4.60 per patient-visit. The clinic reported the following actual results for November: Patient-visits 2,890 Revenue...
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the...
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $73.90 per patient-visit. Personnel expenses should be $37,500 per month plus $17.60 per patient-visit. Medical supplies should be $3,800 per month plus $13.00 per patient-visit. Occupancy expenses should be $10,200 per month plus $11.00 per patient-visit. Administrative expenses should be $5,700 per month plus $9.10 per patient-visit. The clinic reported the following actual results for November: Patient-visits 2,980 Revenue...
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the...
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $56.90 per patient-visit. Personnel expenses should be $35,800 per month plus $15.90 per patient-visit. Medical supplies should be $2,100 per month plus $11.30 per patient-visit. Occupancy expenses should be $8,500 per month plus $2.50 per patient-visit. Administrative expenses should be $4,000 per month plus $0.60 per patient-visit. The clinic reported the following actual results for November: Patient-visits 2,810 Revenue...
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the...
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $68.90 per patient-visit. Personnel expenses should be $37,000 per month plus $17.10 per patient-visit. Medical supplies should be $3,300 per month plus $12.50 per patient-visit. Occupancy expenses should be $9,700 per month plus $8.50 per patient-visit. Administrative expenses should be $5,200 per month plus $6.60 per patient-visit. The clinic reported the following actual results for November: Patient-visits 2,930 Revenue...
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the...
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $71.90 per patient-visit. Personnel expenses should be $37,300 per month plus $17.40 per patient-visit. Medical supplies should be $3,600 per month plus $12.80 per patient-visit. Occupancy expenses should be $10,000 per month plus $10.00 per patient-visit. Administrative expenses should be $5,500 per month plus $8.10 per patient-visit. The clinic reported the following actual results for November: Patient-visits 2,960 Revenue...
Burget Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 2,100...
Burget Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 2,100 client-visits, but its actual level of activity was 2,110 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for July: Use the following data for questions 27-30 Data used in budgeting: Fixed element Variable element per month per client-visit Revenue - $47.10 Personnel expenses $22,700 $16.90 Medical supplies 1,600 6.50 Occupancy expenses 6,900 1.50...
Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,300...
Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,300 client-visits, but its actual level of activity was 4,280 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: Fixed element per month Variable element per client-visit Revenue - $ 36.30 Personnel expenses $ 28,300 $ 12.30 Medical supplies 1,200 6.30 Occupancy expenses 10,200 1.00 Administrative expenses 7,300 0.40...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT