Fager Clinic Uses Client-Visits as Its Measure of Activity

question 304

Multiple Choice

Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,250 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February:Data used in budgeting: Actual results for February:
The medical supplies in the flexible budget for February would be closest to:

• A) $29,436
• B) $30,789
• C) $29,325
• D) $28,700

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Definitions:

Measuring Contribution

The process of assessing the value or impact of an individual’s or group’s work towards achieving organizational objectives.

Financial Measures

Quantitative indicators used to assess the financial health, performance, and stability of a business, such as profit margin, return on assets, or debt-to-equity ratio.

Managerial Perceptions

The interpretations or views of managers regarding various aspects of their organization, its environment, or specific situations they face.

HR Analytics

The process of collecting and analyzing human resource data to improve HR and organizational decisions.