Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for...
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Accounting
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,850 client-visits, but its actual level of activity was 3,840 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for November:
Data used in budgeting:
Fixed element per month
Variable element per client-visit
Revenue
-
$
36.50
Personnel expenses
$
30,600
$
11.50
Medical supplies
1,750
6.90
Occupancy expenses
8,700
3.00
Administrative expenses
7,000
0.30
Total expenses
$
48,050
$
21.70
Actual results for November:
Revenue
$
140,352
Personnel expenses
$
74,725
Medical supplies
$
29,069
Occupancy expenses
$
19,729
Administrative expenses
$
7,920
The activity variance for personnel expenses in November would be closest to:
Answer & Explanation
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