Filkins Clinic bases its budgets on the activity measure patient-visits. During

Question

Filkins Clinic bases its budgets on the activity measure patient-visits. During February, the clinic planned for 4,500 patient-visits, but the actual level of activity was 4,700 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting: Variable element per patient-visit $ 32.70 S 10.10 $ 6.10 $ 2.10 $ 0.21 Fixed element per month Personnel expenses Medical Supplies Occupancy expenses Administrative expenses $32,000 $ 2,000 s 7,000 $ 6,000 Required Complete the report showing the clinic's activity variances for February. (Input all amounts as positive values. Leave no cells blank - be certain to enter "O" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "u" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.) Activity Variances For the Month Ended February 28 Revenue Click to select) Expenses Personnel expenses Medical Supplies Occupancy expenses Administrative expenses (Click to select)v Click to select) ? (Click to select) ? Click to select) Click to select) w Total expense (Click to select) Net operating income

Explanation / Answer

Activity variance :

Revenue 6540 F Expenses Personnel expense 2020 U Medical supplies 1220 U Occupancy expense 420 U Administrative expense 42 U Total expense 3702 U Net operating income 2838 F

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