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What is the management variance for chatham clinic

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Reference no: EM133121032

Question - Chatham Clinic has accumulated the following information regarding its patient visits:

 

Static Budget

Actual Results

Patient visits

1,500

1,400

Variable cost per visit

$50

$55

Fixed costs

$100,000

$100,000

Required -

1. What is the total cost variance for Chatham Clinic?

2. What is the management variance for Chatham Clinic?

Reference no: EM133121032

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