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Langner Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 3,700 client-visits, but its actual level of activity was 3,740 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February:
Data used in budgeting: Actual results for February:
-The activity variance for administrative expenses in February would be closest to:
Limitation of Damages
Legal provisions or contract terms that restrict the amount of compensation for breach of contract or injury.
Contractual Provision
A specific clause or term within a contract that outlines duties, rights, or obligations of the parties involved.
Liquidated Damages
A pre-determined amount of money agreed upon in a contract that is payable as damages for breach of contract.
Reasonable
Pertains to actions or decisions that are sensible, fair, and logical based on the circumstances presented.
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