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 2,350 client-visits, but its actual level of activity was 2,400 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 $69.70 Personnel expenses Medical supplies Occupancy expenses Administrative expense.s Total expenses $33,800 $23.ee 14.e0 4.90 1.60 $54,200 43.50 2,700 11,200 6,500 Actual results for February.: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expense.s $171,21e $ 83,445 $ 33,105 $ 19,806e $ 8,015 The revenue variance for February would be closest to

Explanation / Answer

Revenue in flexible budget = 2400*69.70= $167280 Revenue variance for February = 171210-167280= $3930 F

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