Question
Murphree Clinic uses client-visits as its measure of activity. During April, the clinic budgeted for 3,300...
Murphree Clinic uses client-visits as its measure of activity.
During April, the clinic budgeted for 3,300 client-visits, but its
actual level of activity was 3,350 client-visits. The clinic has
provided the following data concerning the formulas used in its
budgeting and its actual results for April:
| Fixed element per month | Variable element per client-visit | |
| Revenue | - | 38.10 |
| Personnel expenses | 27,300 | 12.90 |
| medical supplies | 700 | 5.70 |
| occupancy expenses | 10,000 | 1.80 |
| admin expenses | 6,200 | 0.20 |
| total expenses | 44,200 | 20.60 |
| Actual results for April: | $ |
| Revenue: | 128,935 |
| Personnel Expenses | 67,625 |
| Medical supplies | 18,895 |
| Occupancy Expenses | 16,030 |
| Admin Expenses | 6,570 |
3. The net operating income in the flexible budget for April would be closest to:
A. $20,115
B. $19,519
C. $14,425
D. $13,550
4. The following materials standards have been established for a
particular product:
| Standard Quantity per unit of output | 5.1 grams |
| Standard Price | $11.95 per gram |
The following data pertain to operations concerning the product for
the last month:
| Actual materials purchased | 6,800 grams |
| Actual costs of materials puchased | $86,360 |
| Actual material used in production | 6,300 grams |
| Actual output | 1,000 units |
What is the materials quantity variance for the month?
A. $15,240 U
B. $6,350 U
C. $14,340 U
D. $5,975 U
Homework Answers
Answer #1
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