Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,250 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February:Data used in budgeting: Fixed element per monthVariable element per client-visitRevenue - $68.20 Personnel expenses$32,300 $21.50Medical supplies 1,200 12.50Occupancy expenses 9,700 3.40Administrative expenses 5,000 0.10Total expenses$48,200 $37.50?Actual results for February: ?Revenue$156,210 Personnel expenses$80,445?Medical supplies$30,105?Occupancy expenses$16,800?Administrative expenses$5,015???The personnel expenses in the planning
budget for February would be closest to:
A. $80,675
B. $79,600
C. $80,445
D. $78,657
Answer: B
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The following information has been gathered for Foxmoor Industries for its fiscal year ending December 31: Estimated factory overhead costs$1,500,000 Actual factory overhead costs$1,776,400 Estimated labor hours 48,000 Actual labor hours 51,700 Estimated labor costs$756,000 Actual labor costs$840,125 Estimated machine hours 96,000 Actual machine hours 102,600 What is the predetermined factory overhead rate per labor dollar?
A. 178.54%. B. 118.43%. C. 211.44%. D. 198.41%.
A leader's ________ reflects the process that the leader uses to generate and choose from a set of alternatives to solve a problem.
A. emergence style B. decision-making style C. operational efficiency D. operational style E. day-to-day behavior
Which metric does the Yankee Group report that 66 percent of companies use to solely determine Web site success?
A. Abandoned shopping carts. B. Abandoned shipping carts. C. Amount of revenue. D. Amount of traffic.
The Estimated Revenues account of a government is debited when:
A. The account is closed to fund balance-unassigned at the end of the year. B. Property taxes are collected. C. Property taxes are recorded. D. The budget is recorded at the beginning of the year.