Miao Clinic Uses Client-Visits as Its Measure of Activity

question 229

Multiple Choice

Miao Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 3,000 client-visits, but its actual level of activity was 2,980 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for July:

Data used in budgeting:

Actual results for July:

-The occupancy expenses in the flexible budget for July would be closest to:

• A)$10,907
• B)$11,054
• C)$11,180
• D)$11,200

Understand the calculation and accounting treatment of impairment losses under AASB 136.

Grasp the implications and accounting treatment of reversals of impairment losses.

Recognize the necessity for annual impairment tests on specific asset categories.

Master the calculation of value in use for a cash-generating unit.

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Definitions:

Choragic Monument

An architectural structure built in ancient Greece to commemorate a victory in a choragic contest, a musical or dramatic performance.

Tholos

A tholos is a type of ancient Greek and Roman building characterized by a circular shape, often with a conical or dome-shaped roof.

Etruscan Tombs

Burial sites from the ancient Etruscan civilization, notable for their elaborate designs, wall paintings, and the wealth of artifacts that provide insight into Etruscan life and culture.

Macedonian Tombs

Ancient burial structures from the Macedonian kingdom, showcasing sophisticated architecture and rich decorations reflective of the period's funerary practices.