Solution-Find the activity variance for net operating

Find the activity variance for net operating income in july

Assignment Help Managerial Accounting

Reference no: EM132530416

Kirnon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 3,700 client-visits, but its actual level of activity was 3,620 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting:

Fixed element per month -

Variable element per client-visit - $40.00

Revenue

Personnel expenses $36,000 $11.20

Medical supplies 2,000 8.00

Occupancy expenses 9,000 2.00

Administrative expenses 6,000 0.20

Total expenses $53,000 $21.40

Question 1: The activity variance for net operating income in July would be closest to

Reference no: EM132530416

Questions Cloud

What the beginning inventory for september should be : What The beginning inventory for September should be? Past experience has shown that the ending inventory for each month should be equal to 10%

What images are necessary to recover the workstation : What images are necessary to recover the workstation? What steps should Always Fresh take to avoid a reoccurrence of this issue in the future?

New supervisory skills : Think about these challenges you will face as a new supervisor. You may want to break this into fixing immediate problems, a six-month goal, and one-year goal.

How much was Retail net income : Retail Stores of Georgia experienced an increase in total assets of $14,000 during the current year. How much was Retail net income

Find the activity variance for net operating income in july : Find The activity variance for net operating income in July would be closest to? Kirnon Clinic uses client-visits as its measure of activity.

How much is cost of goods sold : Mathew Company provided the following data concerning its income statement: sales, $1,000,000; purchases, $400,000; How much is cost of goods sold

Rawls might criticize locke social contract : Rawls might criticize Locke's social contract on which of the following grounds?

How much should Mr Smiths estate include in income : John smith died on May 15 of the current year. How much should Mr. Smith's estate include in income on its current-year income tax return

What the variable overhead efficiency variance for july is : What The variable overhead efficiency variance for July is? The direct materials purchases variance is computed when the materials are purchased.

User Account

All Pages

Find the activity variance for net operating income in july

Reference no: EM132530416

Reference no: EM132530416

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT