Toadvine Clinic Uses Patient-Visits as Its Measure of Activity

question 42

Essay

Toadvine Clinic uses patient-visits as its measure of activity.During April, the clinic budgeted for 3, 800 patient-visits, but its actual level of activity was 3, 400 patient-visits.The clinic uses the following revenue and cost formulas in its budgeting, where q is the number of patient-visits:
Revenue: $39.70q
Personnel expenses: $38, 700 + $11.50q
Medical supplies: $1, 000 + $7.30q
Occupancy expenses: $11, 700 + $1.30q
Administrative expenses: $6, 700 + $0.30q
The clinic reported the following actual results for April: Required:
Prepare a report showing the clinic's revenue and spending variances for April.Label each variance as favorable (F)or unfavorable (U).

---

Definitions:

Selection Process

The method by which candidates are screened and chosen for a position within an organization, based on criteria such as skills, experience, and fit.

Physical Examination

A thorough medical assessment of a person to determine their physical health status.

Physical Examination

A comprehensive evaluation of an individual's body to check for the presence of diseases or abnormalities by a healthcare professional.

Health-Related Fringe Benefits

Additional benefits provided by employers that can include medical insurance, dental coverage, and wellness programs, aiming to support the overall health of employees.