Order from us for quality, customized work in due time of your choice.
Instructions
For this assignment, complete the following problem.
Smith Clinic u
Instructions
For this assignment, complete the following problem.
Smith Clinic uses patient-visits as its measure of activity. The clinic has provided the following report:
Smith Clinic
Comparison of Actual Results to Planning Budget
For the Month Ended February 28
Actual Results
Planning Budget
Variances
Patient-visits……………………………………………..
2,000
2,100
Revenue ($53.90q)…………………………………….
$107,880
$113,190
$5,310
U
Expenses:
Personnel expenses ($26,100 + $19.20q)…….
62,840
66,420
3,580
F
Medical supplies ($1,400 + $7.20q)…………….
16,250
16,520
270
F
Occupancy expenses ($6,700 + $2.60q)………
11,970
12,160
190
F
Administrative expenses ($4,300 + $0.20q)…..
4,710
4,720
10
F
Total expense……………………………………………
95,770
99,820
4,050
F
Net operating income………………………………….
$ 12,110
$ 13,370
$1,260
U
Required:
Prepare the clinic’s flexible budget performance report for February. Label each variance as favorable (F) or unfavorable (U).
Order from us for quality, customized work in due time of your choice.