Solved: Chatham clinic has accumulated the following information, Finance Basics

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Chatham clinic has accumulated the following information

Chatham Clinic has accumulated the following information regarding its patient visits: Static budget: Patient visits: 1,500 Variable cost per visit: $50 Fixed costs: $100,000 Actual results: Patient visits: 1,600 Variable cost per visit: $55 Fixed costs: $90,000 What is the cost variance for Chatham Clinic?

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Finance Basics: Chatham clinic has accumulated the following information

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