Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. speyer medical clinic measures its activity in ter

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

50.1K

Verified Solution

Question

Accounting

Speyer Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1,090 patient-visits and the actual level of activity was 1,080 patient-visits. The cost formula for administrative expenses is $3.30 per patient-visit plus $18,500 per month. The actual administrative expense was $20,200. Last month the clinic's spending variance for administrative expenses was:
Multiple Choice
$1,864 F
$670 F
$33 F
$1,897 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