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Isadore Hospital bases its budgets on patient-visits. The hospital's static planning budget for July appears below:...

Isadore Hospital bases its budgets on patient-visits. The hospital's static planning budget for July appears below: Budgeted number of patient-visits 7,700 Supplies (@ $4.60 per patient-visit) $ 35,420 Laundry (@ $7.20 per patient-visit) 55,440 Salaries 46,200 Occupancy costs 67,760 Total $ 204,820 Actual results for the month were: Actual number of patient-visits 7,800 Supplies $ 38,250 Laundry $ 61,240 Salaries $ 46,190 Occupancy costs $ 65,650 The spending variance for supplies costs in the flexible budget performance report for the month is: Multiple Choice $2,370 U $2,370 F $2,830 F $2,830 U

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Answer #1
Computation of Spending Variance of Supplies costs
Particulars $
Actual Supplies cost 38250
Actual Number of patient visits 7800
Budgeted Supplies cost per patient visit 4.6
Flexible Budgeted supplies cost (7800*4.6) 35880
Spending variance (38250-35880) 2370 U
As actual is more than flexible budget, variance would be termed as unfavourable
Therefore, the right answer is option (a) 2370 U
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