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Seard Clinic uses patient-visits as its measure of activity. The clinic has provided the following report: Requirements: Using a performance report...

Seard Clinic uses patient-visits as its measure of activity. The clinic has provided the following report:

Requirements:
Using a performance report for December including columns for the (a) actual results, (b) flexible budget, (c) flexible budget variance, (d) master budget, and (e) sales activity variance; complete the following:
Total Variance Revenue/Spending Variance Activity Variance
Net Operating Income
Seard Clinic uses patient-visits as its measure of activity. The clinic has provided the following report: Requirements: Using a performance report for December including columns for the (a) actual results, (b) flexible budget, (c) flexible budget variance, (d) master budget, and (e) sales activity variance; complete the following: Total Variance Revenue/Spending Variance Activity Variance Net Operating Income
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Top Answer

Dear student, please find... View the full answer

8441029.docx

Solution:
Net operating Income
Total variance= $22280 - $10900
= $11380F
Activity Variance= (2400 units – 2000 units) * $58.10
= $23240 F
Spending Variance = Total Variance – Activity variance...

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