MC Qu. 221 Privett Hospital bases its... Privett Hospital bases its budgets on p

Question

MC Qu. 221 Privett Hospital bases its... Privett Hospital bases its budgets on patient-visits. The hospitars static planning budget for November appears below 3,500 $12,950 17,150 18,550 19,250 $67,900 Supplies ( $3.70 per patient-visit) Laundry ( $4.90 per patient-visit) Occupancy costs Total Actual results for the month were Actual number of patient-visits Supplies Laundry Salaries Occupancy costs The spending variance for laundry costs in the performance report for the month is 3,700 $12,830 $17,650 $19,220 $20.190 O $480 F

Explanation / Answer

Actual Number of patient-visits = 3,700
Actual Laundry Cost = $17,650
Budgeted Laundry Cost = $4.90 per patient-visit

Budgeted Laundry Cost = $4.90 * 3,700
Budgeted Laundry Cost = $18,130

Spending Variance for Laundry Cost = Budgeted Laundry Cost - Actual Laundry Cost
Spending Variance for Laundry Cost = $18,130 - $17,650
Spending Variance for Laundry Cost = $480 Favorable

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