Chaloux Clinic bases its budgets on the activity measure patient-visits. During July, the clinic planned for 3,100 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting:
The clinic has also furnished its income statement for July:
Required:Prepare a report showing the clinic's activity variances for July.
Definitions:
Total Revenue
The overall revenue that originates from a company's core operations, including the sale of its products or services.
Average Fixed Cost
The total fixed costs of production divided by the quantity of output produced, which decreases as production increases.
Average Total Cost
The total cost of production divided by the number of units produced, representing the average cost per unit of output.
Average Variable Cost
The total variable costs (costs that change with production volume) divided by the quantity of output produced.
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