Guareno Clinic Uses Client-Visits as Its Measure of Activity

question 171

Multiple Choice

Guareno Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 2,500 client-visits, but its actual level of activity was 2,450 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December:
Data used in budgeting:
Actual results for December:

-The spending variance for medical supplies in December would be closest to:

• A) $720 F
• B) $450 U
• C) $720 U
• D) $450 F

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Definitions:

Goods Exports

The selling and shipment of physical products from one country to another.

Financial Account

A component of a country’s balance of payments that records transactions of foreign investment and domestic investment abroad.

Current Account

A component of a country's balance of payments that includes the trade balance, net primary income, and net secondary income, reflecting the value of exports and imports of goods and services.

Money Outflows

The flow of money out of a business, organization, or economy, typically for the purpose of expenses, investments, or purchasing goods and services.