Flexible budget and performance analysis (18 points) Cynic C…
Flexible budget and performance analysis (18 points) Cynic Clinic uses client visits as its measure of activity. During October the clinic budgeted for 2,800 client visits, but its actual level of activity was 2,770 client visits. The clinic has provided the following data concerning the formulas used in its budgeting process and the actual results for October. Data used in budgeting: Revenue: $46.20 per visit Fixed cost Variable cost per month per client visit Expenses: Salaries and wages expense $31,800 $15.60 Medical supplies expense 1,800 6.10 Actual results for October: Revenue $132,124 Salaries and wages expense 74,232 Medical supplies expense 18,500 Required: Fill in the values in the following table. ALL DOLLAR VALUES SHOULD BE WHOLE DOLLARS WITH NO CENTS, COMMA OR DOLLARS SIGNS. VARIANCES SHOULD BE POSITIVE WHOLE DOLLAR VALUES. USE CAPTIAL F TO INDICATE A VARIANCE IS FAVORABLE OR CAPITAL U FOR UNFAVORABLE. Actual spending var. F or U Flex. bud. activity var. F or U Plan. budget Revenue 132124 [c1] [c4] [c7] [c10] [c13] [c16] Sal. & wage exp. 74232 [c2] [c5] [c8] [c11] [c14] [c17] Med. sup. exp. 18500 [c3] [c6] [c9] [c12] [c15] [c18]
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