Miao Clinic Uses Client-Visits as Its Measure of Activity

question 296

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 spending variance for medical supplies in July would be closest to:

• A)$936 F
• B)$936 U
• C)$1,100 U
• D)$1,100 F

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Definitions:

Enlightenment Thinking

A philosophical movement of the 18th century, emphasizing reason, individualism, and skepticism towards traditional doctrines.

Stamp Act

A 1765 British law imposing a tax on all paper documents in the American colonies, leading to widespread protest and contributing to the American Revolutionary movement.

Parliamentary Authority

A set of rules that governs how procedures are carried out in a deliberative assembly, especially within a legislature following the parliamentary system.

Indirect Tax

A tax collected by an intermediary (such as a retailer) from the person who bears the ultimate economic burden of the tax (such as the consumer).