Keisker Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 2,320 client-visits, but its actual level of activity was 2,310 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for November: Data used in budgeting: Fixed element per monthVariable element per client-visit Revenue - $55.30 Personnel expenses$30,400 $23.50 Medical supplies 820 9.90 Occupancy expenses 7,220 3.20 Administrative expenses 4,920 1.30 Total expenses$43,360 $37.90 Actual results for November: Revenue$122,189 Personnel expenses$67,465 Medical supplies$20,423 Occupancy expenses$12,170 Administrative expenses$6,259 The personnel expenses in the planning budget for November would be closest to: Multiple Choice $84,920 $83,788 $67,465 $84,685
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On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.
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Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?
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Which of the following is an example of a monetary policy? a. the government requires credit card companies to protect customers' privacy. b. the government restricts the amount of money that banks can lend. c. the government lowers taxes and increases spending. d. the government pays for repairing damage from a natural disaster.
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Keisker Clinic uses client-visits as its measure of activity. During November, the clinic budgeted f...
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