Miao Clinic Uses Client-Visits as Its Measure of Activity

question 79

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 activity variance for administrative expenses in July would be closest to:

• A)$8 U
• B)$308 F
• C)$308 U
• D)$8 F

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Definitions:

Stock Variable

A quantity measured at one specific point in time, representing a snapshot of a quantity.

Unemployment Rate

The percentage of the labor force that is jobless and actively looking for employment.

Federal Government

The central government of a federation, which encompasses the overall governing bodies of a country, including legislative, executive, and judicial branches.

Consumer Income

The total amount of income earned by consumers, including wages, salaries, benefits, and investment income.