Kirnon Clinic uses cllent-visits as Its measure of activity. DuringJuly, the clinic budgeted for 4,150 client-visits, but Its actual level of activity was 4,080 client-visits TheFixed element per Variable elementper client-visit$40.90monthRevenue$36,900$ 12.10Personnel expensesMedical suppliesOccupancy expensesAdministrative expenses2,9009,9008.902.906,9000.20Total expenses$ 56,600$24.10The activity varlance for personnel expenses In July would be closest to:కతుMultiple Choice$847 U$3,287 U$3.287 F$847 F

The activity variance is the difference between standard cost and actual cost.

Kirnon Clinic uses client-visits as Its measure of activity. During July, the clinic budgeted for 4,150 client-visits, but its actual level of activity was 4,080 client-vls Fixed element per Variable element per client-visit $ 40.90 $ 12.10 month $ 0 $ 36,900 Revenue Personnel expenses Medical supplies 2,900 8.90 9,900 2.90 Occupancy expenses Administrative expenses 6,900 0.20 Total expenses $ 56,600 $ 24.10 The activity varlance for personnel expenses in July would be closest to: Multiple Choice

Kirnon Clinic uses client-visits as Its measure of activity. During July, the clinic budgeted for 4,150 client-visits, but its actual level of activity was 4,080 client-vls Fixed element per Variable element per client-visit $ 40.90 $ 12.10 month $ 0 $ 36,900 Revenue Personnel expenses Medical supplies 2,900 8.90 9,900 2.90 Occupancy expenses Administrative expenses 6,900 0.20 Total expenses $ 56,600 $ 24.10 The activity varlance for personnel expenses in July would be closest to: Multiple Choice

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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The pharmacy in a busy hospital uses pre-determined rates for absorbing total overheads, based on the budgeted number of prescriptions to be handled. A rate of $7 per prescription has been calculated, and the following overhead expenditures have been estimated at two activity levels. Total overheads Number of prescriptions $ 97,000 13,000 109,000 16,000 During a particular period fixed overheads were $45,000. Based on the data above, what was the budgeted level of activity in prescriptions to be handled during the period in question? A 13,000 B 15,000 C 16,000 D 33,333
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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…
Help Save & Exit Leist Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,170 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Fixed Variable element per element per month client-visit Revenue $ 50.80 $ 15.60 Personnel expenses $ 26,600 Medical supplies 1,400 9.40 Occupancy expenses Administrative expenses 7,600 2.40 5,300 0.10 Total expenses $ 40,900 $ 27.50 The occupancy expenses in the flexible budget for September would be closest to: Multiple Choice $13,583 $13 3,21 $12,808 $12,880
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…
ILS Duugets on patlent-Visits. The hospital's static budget for October appears below: Pudsou ana su saS Budgeted number of patient-visits Budgeted variable overhead costs: Supplies (@$5.80 per patient-visit) Laundry (@$8.80 per patient-visit) Total variable overhead cost Budgeted fixed overhead costs: Wages and salaries 8,300 $ 48,140 73,040 121, 180 54,400 Occupancy costs Total fixed overhead cost 141, 100 Total budgeted overhead cost $262, 280 The total overhead cost at an activity level of 9,000 patient-visits per month should be: Multiple Cholce $284,400 $274180 $272.500 Mc 1 of 10 Type here to search 近 DE
M. Cyrus Rehab Clinic bases its budgets on patient-visits. The clinic's fixed planning budget for November appears below. Note that this fixed budget is based on 8,100 patient-visits: Budgeted number of patient-visits 8,100 Budgeted variable costs: Supplies (@ $4.90 per patient-visit) $39,690 Laundry (@ $4.80 per patient-visit) 38,880 Budgeted fixed costs: Wages and salaries 46,980 Occupancy costs 44,550 Total expense $170,100 Required: Prepare a flexible budget for 8,900 patient-visits per month. Use the template below. Fill in the blanks for each budgeted expense and calculate total expense.
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Use the following information for Questions 16 & 17 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: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses Actual results for December: Revenue Personnel expenses Medical supplies 16. $ 134,170 $ 80,776 $ 17,302 Occupancy expenses $ 15,754 Administrative expenses$ 8,296 17. C. d. Fixed element per month a. b. $0 $ 32,400 $76,620 $77,156 $79,809 $80,776 C. d. 1,500 9,100 6,700 $ 49,700 The personnel expenses in the flexible budget for December would be closest to: a. b. Variable element per client-visit $ 40.00 $13.40 4.80 2.10 0.40 $ 20.70 The net operating income in the flexible budget for December would be closest…
Here are the 2015 revenues for the Wendover Group Practice Association for four different budgets (in thousands of dollars): Static Budget Flexible (Enrollment/ Flexible (Enrollment) Actual Utilization) Budget Budget Results $425 $200 $180 $300 a. What do the budget data tell you about the nature of Wendover's patients: Are they capitated or fee-for-service? (Hint: See the note to Exhibit 8.7.) b. Calculate and interpret the following variances: Revenue variance . Volume variance • Price variance Enrollment variance Utilization variance