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:
Data used in budgeting:
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 | $ | 22.30 | |
Actual results for September:
Revenue | $ | 93,240 | |
Personnel expenses | $ | 50,754 | |
Medical supplies | $ | 15,328 | |
Occupancy expenses | $ | 11,646 | |
Administrative expenses | $ | 3,394 | |
The spending variance for medical supplies in September would be closest to
Spending variance
= Actual - Flexible
= 15,328 - [(2140*7.20)+600]
= 15,328 - 16,008
= 680 F
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