Chatham Clinic Management Variance Analysis: Unfavorable $7,000

To calculate the management variance, we need to compare the actual results to the static budget.

Variable costs variance = (Actual variable cost per visit - Static variable cost per visit) x Actual patient visits = ($55 - $50) x 1,400 = $5 x 1,400 = $7,000 unfavorable

Fixed costs variance = Actual fixed costs - Static fixed costs = $100,000 - $100,000 = $0

Total management variance = Variable costs variance + Fixed costs variance = $7,000 unfavorable + $0 = $7,000 unfavorable

Therefore, the management variance for Chatham Clinic is $7,000 unfavorable.