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Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,000 client-visits, but its actual level of activity was 2,980 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 Variable element per client-visit $ 35.00 $ 11.00 per month Revenue $ 27,000 1,000 10,000 6,000 Personnel expenses Medical supplies 5.00 Occupancy expenses Administrative expenses 1.00 0.10 Total expenses $ 44,000 $ 17.10 Actual results for January: $ 124,650 $ 72,000 $ 22,700 $ 14,600 $ 8,105 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses 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:

Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,000 client-visits, but its actual level of activity was 2,980 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 Variable element per client-visit $ 35.00 $ 11.00 per month Revenue $ 27,000 1,000 10,000 6,000 Personnel expenses Medical supplies 5.00 Occupancy expenses Administrative expenses 1.00 0.10 Total expenses $ 44,000 $ 17.10 Actual results for January: $ 124,650 $ 72,000 $ 22,700 $ 14,600 $ 8,105 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses 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:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,000 client-visits, but its actual level of activity was 2,980 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 Variable element per month $ 0 $ 27,000 per client-visit $ 35.00 Revenue Personnel expenses Medical supplies $ 11.00 1,000 5.00 Occupancy expenses 10,000 1.00 Administrative expenses 6,000 0.10 Total expenses $ 44,000 $ 17.10 Actual results for January: $ 124,650 $ 72,000 $ 22,700 $ 14,600 $ 8,105 Revenue Personnel expenses Medical supplies Осcuрancy exрenses Administrative expenses 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:
Transcribed Image Text:Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,000 client-visits, but its actual level of activity was 2,980 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 Variable element per month $ 0 $ 27,000 per client-visit $ 35.00 Revenue Personnel expenses Medical supplies $ 11.00 1,000 5.00 Occupancy expenses 10,000 1.00 Administrative expenses 6,000 0.10 Total expenses $ 44,000 $ 17.10 Actual results for January: $ 124,650 $ 72,000 $ 22,700 $ 14,600 $ 8,105 Revenue Personnel expenses Medical supplies Осcuрancy exрenses Administrative expenses 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:
Multiple Choice $2,097 F $2,455 U $2.097 U $2,455 F
Transcribed Image Text:Multiple Choice $2,097 F $2,455 U $2.097 U $2,455 F
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