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Lantagne Clinic uses client-visits as its measure of activity.During May, the clinic budgeted for 3, 800 client-visits, but its actual level of activity was 3, 820 client-visits.The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Actual results for May:
The activity variance for net operating income in May would be closest to:
Overhead Controllable Variance
Overhead controllable variance refers to the difference between expected controllable overhead costs and the actual costs directly managed by a department or manager.
Overhead Volume Variance
A measure used to evaluate the difference between expected and actual overhead costs, based on the volume of goods produced.
Materials Price Variance
The difference between the actual cost of materials used in production and the standard cost that was expected or budgeted.
Materials Quantity Variance
The difference between the actual amount of materials used in production and the standard amount expected, measured in terms of cost.
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