Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4000 client-visits, but its actual level of activity was 3990 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for November:Data used in budgeting: Fixed element per monthVariable element per client-visitRevenue - $36.80? Personnel expenses$30,900? $11.80?Medical supplies 1900? 7.20?Occupancy expenses 9000? 3.30?Administrative expenses 7300? 0.20?Total expenses$49,100? $22.50??Actual results for November: ?Revenue$147,032? Personnel expenses$77,944??Medical supplies$31,460??Occupancy expenses$21,673??Administrative
expenses$7859????The spending variance for medical supplies in November would be closest to:
A. $760 F
B. $760 U
C. $832 F
D. $832 U
Answer: D
You might also like to view...
Meetingthink results from
a. poorly run meetings. b. false empowerment. c. overload. d. all of the above
Julie Webb, CPA takes out an automobile loan with First National Bank of Wellville (FNBW) while attending the University of Wellville. Julie graduates one year later and is hired as an auditor by Best and Driftwood, LLP. Her first assigned audit engagement is with First National Bank of Wellville, a client of Best and Driftwood. As a new audit assistant, Julie continues to pay her automobile loan
payments each month. Which of the following best describes Julie's independence status? a. Impaired because Julie has a direct financial interest in FNBW. b. Impaired because Julie has a material indirect financial interest in FNBW. c. Not impaired because Julie has an immaterial indirect financial interest in FNBW. d. Not impaired because Julie is permitted to take normal loans from FNBW.
A subject line may be typed with or without all caps
Indicate whether the statement is true or false
No partner is deemed to be an agent of the other partners and of the partnership
Indicate whether the statement is true or false