Ibsen Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 3,300 client-visits, but its actual level of activity was 3,340 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December:Data used in budgeting: Fixed element per monthVariable element per client-visitRevenue - $40.00 Personnel expenses$32,400 $13.40Medical supplies 1,500 4.80Occupancy expenses 9,100 2.10Administrative expenses 6,700 0.40Total expenses$ 49,700 $ 20.70Actual results for December: Revenue$134,170Personnel expenses$80,776Medical supplies$17,302Occupancy expenses$15,754Administrative expenses$8,296The net operating income in the flexible budget for December would
be closest to: (Round your intermediate calculations to 2 decimal places.)
A. $13,990
B. $14,762
C. $12,188
D. $11,898
Answer: B
You might also like to view...
Update meetings are also called status meetings or department meetings. _________________________
Answer the following statement true (T) or false (F)
An accountant is notrequired to discover every impropriety, defalcation, and fraud in a client's books
Indicate whether the statement is true or false
Sometimes states legislate on the same subject as Congress. If Congress passes a regulation:
a. states must abolish their regulations because state law cannot exist along with Federal law b. federal regulation takes precedence over state laws that conflicts with the federal standards c. state law has more power within the state as long as relevant actions occur in the state d. the states are able to reduce the impact of the federal law by adding their own law to it e. none of the other choices are correct
Which section is in the top quarter of the form?
A) identification and access B) body C) totals D) comments E) None of the above.