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Buonocore Clinic Uses Client-Visits as Its Measure of Activity

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Buonocore Clinic uses client-visits as its measure of activity.During August, the clinic budgeted for 2, 800 client-visits, but its actual level of activity was 2, 770 client-visits.The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for August: Data used in budgeting: Buonocore Clinic uses client-visits as its measure of activity.During August, the clinic budgeted for 2, 800 client-visits, but its actual level of activity was 2, 770 client-visits.The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for August: Data used in budgeting:   Actual results for August:   The activity variance for personnel expenses in August would be closest to: A) $468 F B) $468 U C) $1, 248 F D) $1, 248 U Actual results for August: Buonocore Clinic uses client-visits as its measure of activity.During August, the clinic budgeted for 2, 800 client-visits, but its actual level of activity was 2, 770 client-visits.The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for August: Data used in budgeting:   Actual results for August:   The activity variance for personnel expenses in August would be closest to: A) $468 F B) $468 U C) $1, 248 F D) $1, 248 U The activity variance for personnel expenses in August would be closest to:

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Definitions:

Foreign Corporation

Firm that operates in states where it is not incorporated.

Domestic Corporation

Company that operates in the state where it is incorporated.

Alien Corporation

Firm incorporated in one nation and operating in another nation.

Common Stock

Represents ownership shares in a corporation, giving holders voting rights and a claim on a portion of the company’s profits through dividends.

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