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 spending variance for medical supplies in September
would be closest to:
A. $392 U
B. $680 F
C. $392 F
D. $680 U
Answer: B
You might also like to view...
McDonald's, Subway, and Jiffy Lube are all examples of ________
A) voluntary chains B) retailer cooperatives C) franchises D) category killers E) power centers
Customers do not need training to help them perform well because they already know what they want
Indicate whether the statement is true or false
Which of the following is NOT a financial intermediary?
A. New YorkStock Exchange B. WashingtonSavings and Loan C. First National City Bank D. Merchants Savings Bank
Barco Corp. common stock is currently selling for $36.50. A call option on Barco stock costs $.75 per share on a normal contract of 100 shares. This option has an exercise price of $39 and expires in one month. What is the minimum value of this option?
A) $2.50 B) $75 C) $0 D) $36.50