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...
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...
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...
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...
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...
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...
You are given the following static budget report:
Budget Actual Variance
Unit
Sales  
You are given the following static budget report:
Budget Actual Variance
Unit
Sales 10,000 15,000 5,000
F
Variable Expenses:
Commissions $30,000
$33,000 $3,000 U
Advertising $1,000
$1,200 $200 U
Travel $10,000
$11,000 $1,000 U
Samples $2,500
$2,300 $200 F
Total
Variable $43,500
47,500 $4,000 U
Fixed Expenses
Rent $5,000
$5,000 0
Salaries –
Sales $2,000
$2,000 0
Salaries –
Office $1,200
$1,200 0
Depreciation $1,500
$1,500 0
Total
Fixed $9,700
$9,700 0
Total Expenses $53,200 $57,200 $4,000 U
Prepare a flexible budget analysis and explain whether you
believe that costs were controlled. How do the results
of...
Privett Hospital bases its budgets on patient-visits. The
hospital's static planning budget for November appears below:...
Privett Hospital bases its budgets on patient-visits. The
hospital's static planning budget for November appears below:
Budgeted number of patient-visits 3,600 Supplies (@ $3.50 per
patient-visit) $ 12,600 Laundry (@ $5.10 per patient-visit) 18,360
Salaries 18,960 Occupancy costs 21,360 Total $ 71,280 Actual
results for the month were: Actual number of patient-visits 3,860
Supplies $ 12,300 Laundry $ 19,407 Salaries $ 19,635 Occupancy
costs $ 22,545 The spending variance for laundry costs in the
flexible budget performance report for the...
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...
Bartosiewicz Clinic uses client-visits as its measure of
activity. During January, the clinic budgeted for 5,100...
Bartosiewicz Clinic uses client-visits as its measure of
activity. During January, the clinic budgeted for 5,100
client-visits, but its actual level of activity was 5,120
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
$ 0
$ 37.10
Personnel expenses
$ 29,100
$ 13.10
Medical supplies
2,000
7.10
Occupancy expenses
11,000
1.00
Administrative expenses
6,600...