Lizana Clinic uses client-visits as its measure of activity. During December, th

Question

Lizana Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 5,200 client-visits, but its actual level of activity was 5,220 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 month Variable element per client-visit Revenue — $37.20 Wages and salaries $29,200 $13.20 Expendables 1,500 7.20 Facility expenses 10,200 1.00 Administrative expenses 6,700 0.30 Total expenses $47,600 $21.70 Actual results for December: Revenue $150,200 Wages and salaries $70,080 Expendables $20,224 Facility expenses $14,090 Administrative expenses $7,570 The activity variance for net operating income in December would be closest to:

Explanation / Answer

Lizana Clinic uses client-visits as its measure of activity. During December, th

Related Questions

Navigate

• Browse (All)
• Browse L
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.