Stivason Clinic Uses Client-Visits as Its Measure of Activity

question 175

Multiple Choice

Stivason Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 3,300 client-visits, but its actual level of activity was 3,290 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for September:

Data used in budgeting:

Actual results for September:
-The activity variance for net operating income in September would be closest to:

• A)$134 F
• B)$306 U
• C)$306 F
• D)$134 U

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Definitions:

Good Title

A legal term indicating that a property owner has legal ownership and the right to sell the property free from any liens or claims.

Misrepresented

Refers to providing false, misleading, or incorrect information, intentionally or unintentionally, about a product, service, or situation.

Insurable Interest

Any interest in property such that the owner would experience a benefit from the continued existence of the property or a loss from its destruction.

Identified Goods

Items that are designated by the buyer and seller as the specific goods involved in a contract of sale.