Fager Clinic uses client-visits as its measure of activity. During February, the

Question

Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,320 client-visits, but its actual level of activity was 2,370 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 Variable element element per per month client-visit Revenue $69.40 Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses $33,500 2,400 10,900 6,200 $53,000 $22.70 13.70 4.60 1.30 $42.30

Explanation / Answer

Revenue variane = Flexible budget revenue-actual revenue

                              = (2370*69.40)-168210

Revenue variance = 3732 F

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