Paradiso Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level...

60.1K

Verified Solution

Question

Accounting

Paradiso Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1,230 patient-visits and the actual level of activity was 1,220 patient-visits. The cost formula for administrative expenses is $4.70 per patient-visit plus $25,500 per month. The actual administrative expense was $24,400. In the clinic's flexible budget performance report for last month, the spending variance for administrative expenses was:

$6,834 F

$2,770 U

$47 F

$6,881 F

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students