1. Prepare report showing budgeted and actual costs for patients. Show variances. Working with spending variances and efficiency variance.

Medical assistants
1580 patients
$14.00 per hour standard wage -- each asst. expected to spend 30 minutes w/ patient
Assistants total 840 hours @ average pay rate of $15.50

Answer here is $11,060 and $13,060

Clinic
Cost of clinic supplies used is budgeted at $12.00 per labor hour.
Actual cost of supplies was $9150

Lab tests
Each patient is anticipated to have 3 lab test - average budgeted cost of $65.00 per test.
Actual lab test for June cost $$318,054 and averaged 3.3 per patient.

2. By performing a detailed analysis, determine the spending and efficiency variance for lab tests.

HINT - in applying overhead variance formulas, think of the number of tests as analogous to the number of hours

Also - think of the cost per test as analogous to the variable overhead rate.

3. Compare lab test variance computed in answer (1) flexible budget variance with the sum of the variances in answer (3).

Solution Summary

The solution explains how to calculate the required variances.

Please see attached file for better
format.
Instructions: You may work this in Excel or as a solution in this word document. Be sure to label your file with your name in the title.
The following standard costs were developed for one of the products of CH Industries:
STANDARD COST CARD
PER UNIT
Direct materials

Consider the following mutual fund history OF SHARE PRICES:
Date Fund A Fund B
Jan 12.00 11.53
Feb 11.47 11.22
Mar 12.21 11.98
Apr 12.33 12.05
May 12.44 12.61
June 13.17 12.93
July 12.76 13.08
a. Calculate the variance of return for EACH

1. In the calculation of manufacturing cycle efficiency, which of the following activities results in value-added time?
A. Moving.
B. Processing.
C. Inspection.
D. Waiting.
E. All of the above.
2. The difference between budgeted fixed manufacturing overhead and the fixed overhe

(See attached file for full problem description)
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Meenibuck 2000 units
Teenibuck 2400 units
Deluxibuck 1800 units
It has now been discovered that the supply of material X is limited to 38 000 Kilos.
Required
a) Calculate the contribution per kilo of material X used for each

1) Given the following data, What is the weight of security 1? Of security 2? 3? What is the expected return on the portfolio?
Security 1 ; $5,000 invested; Expected return 7%
Security 2; $7,000 invested; Expected return 9%
Security 3; $9,000 invested; Expected return 12%
2) The expected possible outcomes for Roxy Stock

1] For the samples summarized below, test the hypothesis at = 0.5 that the two variances are equal.
Sample 1 Variance = 25 Number of data values = 9
Sample 2 Variance = 9 Number of data values = 19
Do we reject or not reject and why
2] A marketing firm asked a random set of mar

For my personal study guide.
Refer to the enclosed chart which represents 10 days and the number of questions asked in the AM and PM on Day 1 through Day 10. Given the data answer the following:
1. Calculate and report the mean, median, and mode of the data.
2. Now calculate the standard deviation of the data. For t