Question

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 0.20
Total expenses $ 48,700 $ 21.40

Actual results for January:

Revenue $ 150,100
Personnel expenses $ 70,070
Medical supplies $ 20,222
Occupancy expenses $ 14,080
Administrative expenses $ 7,560

The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for January would be closest to:

rev: 06_30_2020_QC_CS-208650

Multiple Choice

  • $6,484 U

  • $6,484 F

  • $6,798 U

  • $6,798 F

Homework Answers

Answer #1
  • Correct Answer = Option #2: $ 6484 F

Revenue in flexible budget

$189,952

[5120 actual visit x $ 37.10]

Variable expenses per visit in Flexible Budget

$21.40

Total Variable expenses in Flexible budget

$109,568

[5120 x $ 21.10]

Total Fixed expenses in Flexible Budget

$48,700

Net Operating Income in Flexible Budget

$31,684

[$189952 - 48700 - 31684]

Net Operating Income in Actual

$38,168

[$150100-70070-20222-14080-7560]

Overall Revenue and Spending Variance

$6,484

Favourable [because actual net income is MORE than flexible budget]

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
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...
Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,000...
Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,000 client-visits, but its actual level of activity was 3,980 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 - $ 36.00 Personnel expenses $ 28,000 $ 12.00 Medical supplies 2,000 6.00 Occupancy expenses 11,000 1.00 Administrative expenses 7,000 0.10...
Werber Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 2,700...
Werber Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 2,700 client-visits, but its actual level of activity was 2,730 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January: Use the following data for questions 24-26 Data used in budgeting: Fixed element Variable element per month per client-visit Revenue - $33.60 Personnel expenses $22,100 $8.70 Medical supplies 1,100 6.60 Occupancy expenses 5,600 1.60...
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...
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,850...
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,850 client-visits, but its actual level of activity was 3,840 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for November: Data used in budgeting: Fixed element per month Variable element per client-visit Revenue - $ 36.50 Personnel expenses $ 30,600 $ 11.50 Medical supplies 1,750 6.90 Occupancy expenses 8,700 3.00 Administrative expenses 7,000 0.30...
Bracken Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 2,100...
Bracken Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 2,100 client-visits, but its actual level of activity was 2,140 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for September: Fixed element per month Variable element per client-visit Revenue $ 44.50 Personnel expenses $ 26,100 $ 12.60 Medical supplies 600 7.20 Occupancy expenses 6,500 2.40 Administrative expenses 3,100 0.10 Total expenses $ 36,300 $...
Kaina Clinic uses client-visits as its measure of activity. During May, the clinic budgeted for 3,000...
Kaina Clinic uses client-visits as its measure of activity. During May, the clinic budgeted for 3,000 client-visits, but its actual level of activity was 2,970 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for May: Fixed element per month Variable element per client-visit Revenue - $ 25.80 Personnel expenses $ 20,200 $ 7.10 Medical supplies 900 4.60 Occupancy expenses 5,500 0.70 Administrative expenses 3,500 0.20 Total expenses $ 30,100...
Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200...
Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,250 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February: Fixed element per month Variable element per client-visit Revenue - $ 68.20 Personnel expenses $ 32,300 $ 21.50 Medical supplies 1,200 12.50 Occupancy expenses 9,700 3.40 Administrative expenses 5,000 0.10 Total expenses $ 48,200...
Kirnon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 3,500...
Kirnon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 3,500 client-visits, but its actual level of activity was 3,410 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Fixed element per month Variable element per client-visit Revenue - $ 39.60 Personnel expenses $ 35,600 $ 10.80 Medical supplies 1,600 7.60 Occupancy expenses 8,600 1.60 Administrative expenses 5,600 0.70 Total expenses $ 51,400 $ 20.70 The activity...
Ibsen Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 3,300...
Ibsen Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 3,300 client-visits, but its actual level of activity was 3,340 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Fixed Element per Month Variable element per client-visit Revenue $ 0 $40.00 Personnel expenses $32,400 $13.40 Medical supplies 1,500 4.80 Occupancy expenses 9,100 2.10 Administrative expenses 6,700 0.40 Total expenses...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT