Tuason Clinic Uses Client-Visits as Its Measure of Activity

question 195

Multiple Choice

Tuason Clinic uses client-visits as its measure of activity. During May, the clinic budgeted for 2,900 client-visits, but its actual level of activity was 2,930 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 spending variance for occupancy expenses in May would be closest to:

• A)$710 U
• B)$710 F
• C)$629 F
• D)$629 U

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Definitions:

Public Infrastructure

The foundational facilities and systems serving a country, city, or area, including the services and facilities necessary for its economy to function, such as transportation, communication, sewage, water, and electric systems.

Public Debt

The total amount of money that a government has borrowed and not yet repaid, including both internal and external borrowings.

GDP

A rephrased definition: The sum value of all goods and services produced over a specific time frame within a nation's borders.

Net Debt

The total debt of an entity minus its cash and cash equivalents, indicating its actual financial burden.