Clinics revenue and spending variances

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Reference no: EM13789265

lassey Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $41.80 per patient-visit. Personnel expenses should be $35,400 per month plus $10.60 per patient-visit. Medical supplies should be $700 per month plus $7.90 per patient-visit. Occupancy expenses should be $8,800 per month plus $1.30 per patient-visit. Administrative expenses should be $5,600 per month plus $0.40 per patient-visit.

The clinic reported the following actual results for February:

Required:

Prepare a report showing the clinic's revenue and spending variances for February. Label each variance as favorable (F) or unfavorable (U).

Reference no: EM13789265

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