Exam 11: Flexible Budgets and Performance Analysis

The total fixed cost at the activity level of 3,400 guest-days per month should be:

The administrative expenses in the planning budget for December would be closest to:

The spending variance for supplies cost in the flexible budget performance report for the month should be:

The spending variance for supplies costs in the flexible budget performance report for the month is:

The cleaning equipment and supplies in the planning budget for June would be closest to:

The total cost at the activity level of 9,200 patient-visits per month should be:

The manufacturing overhead in the flexible budget for July would be closest to:

Petersheim Snow Removal's cost formula for its vehicle operating cost is $1,750 per month plus $484 per snow-day. For the month of November, the company planned for activity of 15 snow-days, but the actual level of activity was 14 snow-days. The actual vehicle operating cost for the month was $8,360. The vehicle operating cost in the flexible budget for November would be closest to:

During March, Samorano Clinic plans for an activity level of 2,500 patient-visits. Revenue is $42.10 per patient-visit. Personnel expenses are $30,400 per month plus $11.20 per patient-visit. Medical supplies are $1,100 per month plus $6.50 per patient-visit. Occupancy expenses are $6,500 per month plus $1.90 per patient-visit. Administrative expenses are $5,200 per month plus $0.40 per patient-visit. Required: Prepare the clinic's planning budget for March.

The net operating income in the flexible budget for February would be closest to:

The net operating income in the flexible budget for December would be closest to:

The net operating income in the planning budget for September would be closest to:

The materials and supplies in the planning budget for November would be closest to:

The activity variance for direct labor in October would be closest to:

The activity variance for net operating income in September would be closest to:

Cecere Tech is a for-profit vocational school. The school bases its budgets on two measures of activity (i.e., cost drivers), namely student and course. The school uses the following data in its budgeting: In February, the school budgeted for 1,740 students and 160 courses. The actual activity for the month was 1,540 students and 161 courses. Required: Prepare the school's planning budget for February.

Cayouette Clinic uses patient-visits as its measure of activity. During February, the clinic budgeted for 2,400 patient-visits, but its actual level of activity was 2,700 patient-visits. The clinic uses the following revenue and cost formulas in its budgeting, where q is the number of patient-visits: Revenue: $53.80q Personnel expenses: $32,000 + $16.60q Medical supplies: $700 + $8.80q Occupancy expenses: $10,400 + $1.90q Administrative expenses: $5,500 + $0.20q The clinic reported the following actual results for February: Required: Prepare the clinic's flexible budget performance report for February. Label each variance as favorable (F) or unfavorable (U).

Glassey Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $41.80 per patient-visit. Personnel expenses should be $35,400 per month plus $10.60 per patient-visit. Medical supplies should be $700 per month plus $7.90 per patient-visit. Occupancy expenses should be $8,800 per month plus $1.30 per patient-visit. Administrative expenses should be $5,600 per month plus $0.40 per patient-visit. The clinic reported the following actual results for February: Required: Prepare a report showing the clinic's revenue and spending variances for February. Label each variance as favorable (F) or unfavorable (U).

The revenue variance for April would be closest to:

The expendables in the flexible budget for May would be closest to: