Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,400 client-visits, but its actual level of activity was 2,450 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February:
Data used in budgeting:
| Fixed element per month | Variable element per client-visit | ||||
| Revenue | - | $ | 70.20 | ||
| Personnel expenses | $ | 34,300 | $ | 23.50 | |
| Medical supplies | 3,200 | 14.50 | |||
| Occupancy expenses | 11,700 | 5.40 | |||
| Administrative expenses | 7,000 | 2.10 | |||
| Total expenses | $ | 56,200 | $ | 45.50 | |
Actual results for February:
| Revenue | $ | 176,210 | |
| Personnel expenses | $ | 84,445 | |
| Medical supplies | $ | 34,105 | |
| Occupancy expenses | $ | 20,800 | |
| Administrative expenses | $ | 9,015 | |
The revenue variance for February would be closest to:
Multiple Choice
$4,220 U
$4,220 F
$7,730 U
$7,730 F
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.