Speyer Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1200 patient-visits and the actual level of activity was 1190 patient-visits. The cost formula for administrative expenses is $4.40 per patient-visit plus $24,000 per month. The actual administrative expense was $23,500. Last month the clinic's spending variance for administrative expenses was:

Speyer Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1200 patient-visits and the actual level of activity was 1190 patient-visits. The cost formula for administrative expenses is $4.40 per patient-visit plus $24,000 per month. The actual administrative expense was $23,500. Last month the clinic's spending variance for administrative expenses was:

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 8PB: Mesa Aquatics, Inc. estimated direct labor hours as 1,900 in quarter 1, 2,000 in quarter 2.2,200 in...

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Speyer Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1,110 patient-visits and the actual level of activity was 1,100 patient-visits. The cost formula for administrative expenses is $3.50 per patient-visit plus $19,500 per month. The actual administrative expense was $20,800. In the clinic's flexible budget performance report for last month, the spending variance for administrative expenses was:
Touro Dental Clinic uses patient-visits as its measure of activity. During January, the clinic budgeted for 3,600 patient-visits, but its actual level of activity was 3,500 patient-visits. The clinic uses the following revenue and cost formulas in its budgeting, where q is the number of patient-visits:Revenue: $39.70qPersonnel expenses: $38,700 + $11.50qMedical supplies: $1,000 + $7.30qOccupancy expenses: $11,700 + $1.30qAdministrative expenses: $6,700 + $0.30qThe clinic reported the following actual results for January: Revenue - $132,280 Personnel expenses - 76,500 Medical supplies - 26,300 Rent expenses - 16,310 Administrative expenses - 7,620 Required:Prepare a report showing the clinic's revenue and spending variances for April. Label each variance as favorable (F) or unfavorable (U). Fill in all lines. actual flexible…
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Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $62.90 per patient-visit. Personnel expenses should be $36,400 per month plus $16.50 per patient-visit. Medical supplies should be $2,700 per month plus $11.90 per patient-visit. Occupancy expenses should be $9,100 per month plus $5.50 per patient-visit. Administrative expenses should be $4,600 per month plus $3.60 per patient-visit. The clinic reported the following actual results for November: Patient-visits Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Required: 2,870 $ 199,240 $ 89,320 $ 40,240 $ 19,350 $ 9,750 Prepare a report showing the clinic's revenue and spending variances for November. Label each variance as favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts…
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