Tsui Clinic uses patient-visits as its measure of activity.During November,the clinic budgeted for 3,400 patient-visits,but its actual level of activity was 2,900 patient-visits.The clinic bases its budgets on the following information: Revenue should be $30.00 per patient-visit.Personnel expenses should be $30,200 per month plus $7.70 per patient-visit.Medical supplies should be $1,600 per month plus $5.20 per patient-visit.Occupancy expenses should be $7,400 per month plus $1.00 per patient-visit.Administrative expenses should be $3,900 per month plus $0.20 per patient-visit.The clinic reported the following actual results for November: Required:
Prepare the clinic's flexible budget performance report for November.Label each variance as favorable (F)or unfavorable (U).

Question

Tsui Clinic uses patient-visits as its measure of activity.During November,the clinic budgeted for 3,400 patient-visits,but its actual level of activity was 2,900 patient-visits.The clinic bases its budgets on the following information: Revenue should be $30.00 per patient-visit.Personnel expenses should be $30,200 per month plus $7.70 per patient-visit.Medical supplies should be $1,600 per month plus $5.20 per patient-visit.Occupancy expenses should be $7,400 per month plus $1.00 per patient-visit.Administrative expenses should be $3,900 per month plus $0.20 per patient-visit.The clinic reported the following actual results for November:  Required:
Prepare the clinic's flexible budget performance report for November.Label each variance as favorable (F)or unfavorable (U).

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The Answer of Tsui Clinic uses patient-visits as its measure of activity.During November,the clinic budgeted for 3,400 patient-visits,but its actual level of activity was 2,900 patient-visits.The clinic bases its budgets on the following information: Revenue should be $30.00 per patient-visit.Personnel expenses should be $30,200 per month plus $7.70 per patient-visit.Medical supplies should be $1,600 per month plus $5.20 per patient-visit.Occupancy expenses should be $7,400 per month plus $1.00 per patient-visit.Administrative expenses should be $3,900 per month plus $0.20 per patient-visit.The clinic reported the following actual results for November:  Required:
Prepare the clinic's flexible budget performance report for November.Label each variance as favorable (F)or unfavorable (U).

Tsui Clinic Uses Patient-Visits as Its Measure of Activity