Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $73.90 per patient-visit. Personnel expenses should be $37,500 per month plus $17.60 per patient-visit. Medical supplies should be $3,800 per month plus $13.00 per patient-visit. Occupancy expenses should be $10,200 per month plus $11.00 per patient-visit. Administrative expenses should be $5,700 per month plus $9.10 per patient-visit.
The clinic reported the following actual results for November:
Patient-visits | 2,980 | ||||||||
Revenue | $ | 254,240 | |||||||
Personnel expenses | $ | 100,320 | |||||||
Medical supplies | $ | 49,040 | |||||||
Occupancy expenses | $ | 28,150 | |||||||
Administrative expenses | $ | 18,550 | |||||||
Required:
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 as positive values.)
Garrison 16e Rechecks 2017-10-31
Calculate revenue and spending variance
Revenue (2980*73.90-254240) | 34018 F |
Personnel expenses (89948-100320) | 10372 U |
Medical supplies (42540-49040) | 6500 U |
Occupancy expenses (42980-28150) | 14830 F |
Administrative expense (32818-18550) | 14268 F |
Net operating income | 46244 F |
Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the...
Laizure Clinic uses
patient-visits as its measure of activity. The clinic bases its
budgets on the following information: Revenue should be $69.90 per
patient-visit. Personnel expenses should be $37,100 per month plus
$17.20 per patient-visit. Medical supplies should be $3,400 per
month plus $12.60 per patient-visit. Occupancy expenses should be
$9,800 per month plus $9.00 per patient-visit. Administrative
expenses should be $5,300 per month plus $7.10 per patient-visit.
The clinic reported the following actual results for November:
Patient-visits 2,940 Revenue...
Chapter 9 Exam Saved Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information Revenue should be $59.90 per patlent-visit. Personnel expenses should be $36,100 per month plus $16.20 per patient-visit. Medical supplies should be $2,400 per month plus $11.60 per patient-vist. Occupancy expenses should be $8,800 per month plus $4.00 per patient-visit Administrative expenses should be $4,300 per month plus $2.10 per patient-visit 12 The clinic reported the followling actual results...
Problem 3 Vondran Clinic uses patient-visits as its measure of activity. During December, the clinic budgeted for 3,600 patient-visits, but its actual level of activity was 3,100 patient-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: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Fixed element Variable element per month per patient-visit $48.50 $38,300 $14.90 $1,500 $9.20 $12,900 $2.40 $8,300 $0.20 Actual results...
Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,500 client-visits, but its actual level of activity was 4,480 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 per month Variable element per client-visit Revenue - $ 36.50 Personnel expenses $ 28,500 $ 12.50 Medical supplies 1,400 6.50 Occupancy expenses 10,400 1.00 Administrative expenses 7,500 0.10...
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...
25 Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,750 client-visits, but its actual level of activity was 3,740 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 element per per month client-visit $36.30 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses $30,400 1,650 8,500 6,800 $47,350 $11.30 6.70 2.80 0.50...
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...
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...
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4,150 client-visits, but its actual level of activity was 4,140 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 - $ 37.10 Personnel expenses $ 31,200 $ 12.10 Medical supplies 2,050 7.50 Occupancy expenses 9,300 3.60 Administrative expenses 7,600 0.50...
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