Bracken Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 2,100 client-visits, but its actual level of activity was 2,140 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for September:Data used in budgeting: Fixed element per month Variable element per client-visitRevenue $44.50Personnel expenses$26,100 $12.60Medical supplies 600 7.20Occupancy expenses 6,500 2.40Administrative expenses 3,100 0.10Total expenses$ 36,300 $ 22.30Actual results for September: Revenue$93,240 Personnel expenses$50,754 Medical supplies$15,328 Occupancy expenses$11,646 Administrative expenses$3,394 The revenue variance for September would be closest to:
A. $1,990 F
B. $1,990 U
C. $210 U
D. $210 F
Answer: B
You might also like to view...
For a firm using the indirect method, which of the following statements does not correctly describe an adjustment to net income when determining cash flows from operating activities?
A. An increase in wages payable will be added to net income. B. Amortization of bond discount will be added to net income. C. Patent amortization expense will be deducted from net income. D. A decrease in accrued interest payable will be deducted from net income.
______ listening can be demanding because it requires that we both listen to the message and analyze its content.
a. Combative b. Critical c. Empathetic d. Argumentative
The message authentication code is calculated by the sender and the receiver of a data transmission
Indicate whether the statement is true or false
A physical inventory is usually taken
a. in the middle of the fiscal year. b. at the peak of the busy season. c. at the end of the fiscal year. d. when the perpetual inventory system, but not the periodic inventory system, is being used.