(solution) Planning,Performance

(solution) Planning,Performance

I need help with these question problems Document Preview: Student ID: 21504026 Exam: 061683RR -PLANNING, PERFORMANCE When you have completed your exam and reviewed your answers, click Submit Exam. Answers will not be recorded until you hit Submit Exam. If you need to exit before completing the exam, click Cancel Exam. Questions 1 to 20: Select the best answer to each question. Note that a question and its answers may be split across a page break, so be sure that you have seen the entire question and all the answers before choosing an answer. 1. Which of the following will not result in an increase in return on investment (ROI), assuming other factors remain the same? A. An increase in net operating income B. An increase in operating assets C. An increase in sales D. A reduction in expenses Use the following information to answer this question. Moorhouse Clinic uses client visits as its measure of activity. During December, the clinic budgeted for 3,700 client visits, but its actual level of activity was 3,690 client visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Fixed element Variable element per month per client-visit Revenue ____-____ $25.10 Personnel expenses $27,100 $7.10 Medical supplies 1,500 4.50 Occupancy expenses 6,000 1.00 Administrative expenses 3,000 0.10 Total expenses $37,600 $12.70 Actual results for December: Revenue $96,299 Personnel expenses $51,009 Medical supplies $17,425 Occupancy expenses $9,240 Administrative expenses $3,239 2. The activity variance for personnel expenses in December would be closest to A. $2,361 U. B. $71 F. C. $71 U. D. $2,361 F. 3. Last year, the House of Orange had sales of $826,650, net operating income of $81,000, and operating assets of $84,000 at the beginning of the year and $90,000 at the end of the year. What was the company’s turnover rounded to the nearest tenth? A. 9.5 B. 10.2 C. 9.2 D. 9.8 4. Coles Company, Inc. makes and sells a single product, Product R….