Guareno Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 2,500 client-visits, but its actual level of activity was 2,450 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 $ 45.20 Personnel expenses $ 34,300 $ 13.30 Medical supplies 1,600 5.40 Occupancy expenses 10,000 1.80 Administrative expenses 3,800 0.20 Total expenses $ 49,700 $ 20.70 Actual results for December: Revenue $ 108,650 Personnel expenses $ 65,755 Medical supplies $ 14,380 Occupancy expenses $ 14,000 Administrative expenses $ 4,210 The spending variance for medical supplies in December would be closest to:

Guareno Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 2,500 client-visits, but its actual level of activity was 2,450 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 $ 45.20 Personnel expenses $ 34,300 $ 13.30 Medical supplies 1,600 5.40 Occupancy expenses 10,000 1.80 Administrative expenses 3,800 0.20 Total expenses $ 49,700 $ 20.70 Actual results for December: Revenue $ 108,650 Personnel expenses $ 65,755 Medical supplies $ 14,380 Occupancy expenses $ 14,000 Administrative expenses $ 4,210 The spending variance for medical supplies in December would be closest to:

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 4TIF: Evaluating the budgeting system in a service company Childrens Hospital of the Kings Daughters...

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	Fixed element per month	Variable element per client-visit
Revenue	$ 0	$ 45.20
Personnel expenses	$ 34,300	$ 13.30
Medical supplies	1,600	5.40
Occupancy expenses	10,000	1.80
Administrative expenses	3,800	0.20
Total expenses	$ 49,700	$ 20.70

Revenue	$ 108,650
Personnel expenses	$ 65,755
Medical supplies	$ 14,380
Occupancy expenses	$ 14,000
Administrative expenses	$ 4,210

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