Chimilio Clinic uses client-visits as its measure of activity. During June, the clinic budgeted for 3,400 client-visits, but its actual level of activity was 3,360 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for June:
Data used in budgeting:
Fixed Element per Month | Variable element per client-visit | ||||
Revenue | - | $ | 33.70 | ||
Personnel expenses | $ | 27,300 | $ | 10.70 | |
Medical supplies | 1,200 | 5.50 | |||
Occupancy expenses | 9,000 | 1.50 | |||
Administrative expenses | 4,100 | 0.30 | |||
Total expenses | $ | 41,600 | $ | 18.00 | |
Actual results for January:
Revenue | $ | 112,062 | |
Personnel expenses | $ | 64,602 | |
Medical supplies | $ | 19,900 | |
Occupancy expenses | $ | 13,640 | |
Administrative expenses | $ | 5,068 | |
The net operating income in the flexible budget for June would be closest to:
Multiple Choice
$11,152
$11,780
$8,748
$8,957
Net operating income in flexible budget
= 3360 * (33.70 - 18)] - 41,600
= 3360 * 15.70 -41,600
= 11,152
Option A is the answer
Chimilio Clinic uses client-visits as its measure of activity. During June, the clinic budgeted for 3,400...
Chimilio Clinic uses client-visits as its measure of activity. During June, the clinic budgeted for 3,400 client-visits, but its actual level of activity was 3,360 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for June: Data used in budgeting: Fixed Element per Month Variable element per client-visit Revenue - $ 33.70 Personnel expenses $ 27,300 $ 10.70 Medical supplies 1,200 5.50 Occupancy expenses 9,000 1.50 Administrative expenses 4,100 0.30...
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,700 client-visits, but its actual level of activity was 3,690 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 - $ 36.20 Personnel expenses $ 30,300 $ 11.20 Medical supplies 1,600 6.60 Occupancy expenses 8,400 2.70 Administrative expenses 6,700 0.40...
Guareno Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 3,600 client-visits, but its actual level of activity was 3,510 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 - $ 44.20 Personnel expenses $ 35,400 $ 12.80 Medical supplies 1,100 4.90 Occupancy expenses 11,100 1.70 Administrative expenses 4,900 0.30...
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...
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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...
Caballes Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3.700 client-visits, but its actual level of activity was 3,670 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 Variable element per element per month client-visit - $52.30 Revenue | Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses 1 T $26,500 1.100 5 ,700 3.700 $37.000...
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 - $ 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...
Wesolick Clinic uses client-visits as its measure of activity. During August, the clinic budgeted for 2,900 client-visits, but its actual level of activity was 2,870 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for August: Data used in budgeting: Fixed element per month Variable element per client-visit Revenue − $ 40.50 Personnel expenses $ 30,900 $ 12.80 Medical supplies 1,400 5.60 Occupancy expenses 7,500 2.00 Administrative expenses 6,300 0.20...
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,950 client-visits, but its actual level of activity was 3,940 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 - $ 36.70 Personnel expenses $ 30,800 $ 11.70 Medical supplies 1,850 7.10 Occupancy expenses 8,900 3.20 Administrative expenses 7,200 0.50...