Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,300 client-visits, but its actual level of activity was 3,290 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 - $35.40 Personnel expenses$29,500 $10.40Medical supplies 1,200 5.80Occupancy expenses 7,600 1.90Administrative expenses 5,900 0.30Total expenses$44,200 $18.40?Actual results for November: ?Revenue$116,656 Personnel expenses$63,686?Medical supplies$21,072?Occupancy expenses$13,371?Administrative expenses$6,677???The medical supplies in the flexible
budget for November would be closest to:
A. $21,136
B. $20,340
C. $20,282
D. $21,008
Answer: C
You might also like to view...
Discuss the advantages and disadvantages of e-procurement?
What will be an ideal response?
Long-term capacity planning decisions such as the purchase of a new machine or construction of a new facility typically ______.
a. require significant outlays of capital b. require government approval c. require short lead times d. signal a shift in strategy
Indicate whether each of the following statements is true or false. (Assume a perpetual inventory system)________ a) The purchase of merchandise inventory is recorded as an expense.________ b) Merchandise inventory is expensed in the period it is sold.________ c) Merchandise Inventory is an account appearing on the balance sheet.________ d) Cost of goods available for sale is allotted between cost of goods sold and selling expenses.________ e) Cost of goods sold is a part of administrative and selling expenses.
What will be an ideal response?
Psychological factors have little relevance in the design of assembly line jobs because those jobs involve physical products and production technology
Indicate whether the statement is true or false