Miao Clinic Uses Client-Visits as Its Measure of Activity

question 239

Multiple Choice

Miao Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 3,000 client-visits, but its actual level of activity was 2,980 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for July: Data used in budgeting: Actual results for July: The occupancy expenses in the flexible budget for July would be closest to:

• A)$10,907
• B)$11,054
• C)$11,180
• D)$11,200

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Definitions:

Home Policy

Typically refers to a domestic insurance policy providing various personal protections, such as for a residence or personal possessions.

Legal Rights

The entitlements conferred upon individuals or entities by law, protecting their interests and allowing them to make legal claims.

Obligations

Duties or commitments under the law or by agreement that an individual or entity is required to fulfill.

Straight Life Insurance

A type of permanent life insurance where the insured pays a consistent premium throughout their lifetime, and the policy pays out a death benefit to the beneficiaries when the insured dies.