Duprey Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,150 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 - $58.40 Personnel expenses$33,500 $18.00Medical supplies 1,000 9.90Occupancy expenses 9,300 2.20Administrative expenses 5,300 0.40Total expenses$49,100 $30.50?Actual results for January: ?Revenue$127,950 Personnel expenses$69,720?Medical supplies$23,125?Occupancy expenses$14,290?Administrative expenses$5,930???The personnel expenses in the planning budget
for January would be closest to:
A. $71,341
B. $73,100
C. $69,720
D. $72,200
Answer: B
You might also like to view...
A company must repay the bank a single payment of $35,000 cash in 3 years for a loan it entered into. The loan is at 6% interest compounded annually. The present value of 1 (single sum) at 6% for 3 years is 0.8396. The present value of an annuity (series of payments) at 6% for 3 years is 2.6730. The present value of the loan (rounded) is:
A. $49,345. B. $29,386. C. $93,555. D. $13,094. E. $35,000.
The focus of ________ is examining how social phenomenon influence social behavior
A) consumer behavior analysis B) lifestyle analysis C) psychology D) social psychology E) consumer problem solving
All of the following are considered stakeholders EXCEPT those groups and individuals who
A. are buyers and suppliers. B. are unions and employee groups. C. are affected by the organization's mission. D. have only a financial stake in the company.
The primary objective of managing waiting lines is ______.
a. to maximize customer satisfaction b. to minimize their total costs throughout any service or manufacturing facility c. to make people who are waiting feel that they are not really waiting for a long time d. to maximize throughput