Purchase Solution

Finance- MooreHouse Clinic

Not what you're looking for?

Ask Custom Question

MooreHouse Clinic uses client visits as it's measure of activity. During December, the clinic budgeted for 3,700 Client visits, but it's actual level of activity was 3690 client visits. The clinic has provided the following data concerning the formulas used in it's budgeting and it's actual results for December.
(see the attachment)

The Personal Expenses in the planning budget would be closest to :

The Medical Supplies in the flexible budget would be closest to:

The Activity Variance for personal expenses in December would be closest to: F or U

The Revenue Variance for December would be closest to: F or U

The Spending Variance for Medical Supplies in December would be closest to: F or U

Attachments
Purchase this Solution
Solution Summary

The planning budget is reviewed for MooreHouse Clinic, with the Solution providing the activity, revenue and spending variances.

Solution Preview

The personal expenses in the planning budget would be closest to :

$27,100 + $7.10 x 3,700 = $53,370

The Medical Supplies in the flexible budget would be closest to:

$1,500 + $4.50 x 3,690 = $18,105

The Activity Variance for personal expenses in December ...

Solution provided by:
Manal Elkhoshkhany, MBA
Education
  • BA, Ain Shams University, Cairo Egypt
  • MBA, California State University, Sacramento
Recent Feedback
  • "ty i have more need help with"
  • "ty i have jmore i need help with"
  • "great help"
  • "excellent help"
  • "Very helpful and easy to understand."
Purchase this Solution
Free BrainMass Quizzes
Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Lean your Process

This quiz will help you understand the basic concepts of Lean.

View More Free Quizzes
Related BrainMass Solutions

  • International Finance Applied to Business Management

    ., the U.S. has a world famos hospital that many people travel to for care from all over the world (the Cleveland Clinic).

  • Finance: Relevant cost, oppurtunity cost.

    The problem deals with problems in health care finance: opportunity cost and relevant data.

  • Financial management for Health Care Organizations

    Using the following financial statement information for four not-for-profit clinics, fill in the missing values labeled a through h: December 31, 1997: Clinic A Clinic B Clinic C Clinic

  • Accounting Concepts

    Hardy Clinic purchases land for $90,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2,200.

  • Mayo Clinic Needs Assessment

    Include finance and staffing elements required to implement the intervention.

  • Bias in business decisions

    Rate Each Alternative on Each Criterion This was the most difficult step and the finance department was given the task of forecasting and the operations team had to predict production levels based on the financial forecast.

  • Question about Northland Physical Therapy

    Total liabilities are $43 to finance the assets of $69. The percentage of assets financed by liabilities is 43/69=62.3%. The posting has solution to comprehensive problem PA4-5 relating to Northland Physical Therapy

  • Health Care Organization: working capital management

    The healthcare organization selected is Cleveland Clinic Health System. We find the working capital of Cleveland by looking at the balance sheet of the clinic.

  • The statement of cash flows - multiple choice

    Hardy Clinic purchases land for $90,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2,200.

View More Related Solutions