Speyer Medical Clinic measures its activity in terms of patient.visits. Last month, the budgeted level...
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Accounting
Speyer Medical Clinic measures its activity in terms of patient.visits. Last month, the budgeted level of activity was 1,200 patient.visits and the actual level of activity was 1190 patient-visits. The cost formula for administrative expenses is $440 per patient visit plus $24.000 per month. The actual administrative expense was $23,500. Last month the clinic's spending variance for administrative expenses was
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