Quesnel Clinic bases its budgets on the activity measure patient-visits. During February, the clinic planned for 4,700 p

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Quesnel Clinic Bases Its Budgets On The Activity Measure Patient Visits During February The Clinic Planned For 4 700 P 1 (62.58 KiB) Viewed 15 times

Quesnel Clinic bases its budgets on the activity measure patient-visits. During February, the clinic planned for 4,700 patient-visits, but its actual level of activity was 4,900 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Patient-visits Revenue Expenses: Personnel expenses Medical supplies Required: Prepare a report showing the clinic's activity variances for February. Indicate in each case whether the variance is favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Occupancy expenses Administrative expenses Total expense Net operating income Flexible Budget Fixed element per Variable element month Quesnel Clinic Activity Variances. For the Month Ended February 28. $ $ $ 32,200 $ 2,200 $7,200 $ 6,200 82,670 33,070 4,900 161,210 $ 18,470 7,327 141,537 Planning Budget per patient-visit $32.90 $10.30 $6.30 $ 2.30 $0.23 19.673 S Activity Variances 4,700 154,630 $ 80,610 31,810 18,010 7,281 1 137,711 16,910 $ 6,580 F 2,060 F 1,260 F 460 F 46 F 3,826 F 2.763) F