Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,500 client-visits, but its actual level of activity was 3,490 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 monthVariable element per client-visitRevenue - $38.20 Personnel expenses$33,600 $11.00Medical supplies 1,900 6.20Occupancy expenses 10,200 1.90Administrative expenses 6,600 0.30Total expenses$52,300 $19.40?Actual results for January: ?Revenue$127,218 Personnel expenses$71,860?Medical supplies$24,058?Occupancy expenses$17,371?Administrative expenses$7,547???The activity variance for net operating
income in January would be closest to:
A. $188 U
B. $7,118 U
C. $7,118 F
D. $188 F
Answer: A
You might also like to view...
Through our ___________ or stories, we come to understand the organizational culture and one another.
a. water cooler talk b. narratives c. memos d. evaluatio
Ongoing efforts to reduce costs, increase product quality, and/or improve production process once manufacturing has begun is known as
a. cost management. b. kaizen costing. c. target costing. d. life-cycle costing.
Each goal and objective in an MPR plan needs to be measurable, attainable, and tangible
Indicate whether the statement is true or false
An example of escalation of commitment is ______.
A. when two coworkers cannot agree nor proceed with civil dialogue B. when a project goes over budget, but members continue to pour too many resources into it and yet the project still fails C. when the group is ahead of target and decides to expedite the final details in order to achieve the goal before the deadline D. when a team decides they need to improve upon their commitment to one another otherwise failure is inevitable