Prepare the clinic flexible budget performance report

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Reference no: EM131812785

Problem - Seard Clinic uses patient-visits as its measure of activity. The clinic has provided the following report:

Variance Report




Plan

Actual

Variance

Patient-visits



2,000

2,400

400 F


Fixed

Variable




Revenue

$-

$58.10

116,200

142,080

25,880 F

Expenses:






Personnel expenses

$30,400

$17.40

65,200

74,250

(9,050) U

Medical supplies

$1,300

$9.60

20,500

24,670

(4,170) U

Occupancy expenses

$9,000

$1.90

12,800

14,020

(1,220) U

Administrative expenses

$6,200

$0.30

6,800

6,860

(60) U

Total expense



105,300

119,800

(14,500) U

Net Operating Income



10,900

22,280

11,380 F

Required: Prepare the clinic's flexible budget performance report for December. Label each variance as favorable (F) or unfavorable (U).

Reference no: EM131812785

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