Revenue Variances. Assume that the following information is known about the budget for Kovner Hospital: Calculate the

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Revenue Variances. Assume that the following information is known about the budget for Kovner Hospital:

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Calculate the price, mix, volume, and total variances. Do the price, mix, and volume variances add information to the total variance?

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Essentials Of Cost Accounting For Health Care Organizations

ISBN: 9780834205284

1st Edition

Authors: Steven A. Finkler

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Question Posted: Jun 05, 2024 01:03 AM

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Revenue Variances. Assume that the following information is known about the budget for Kovner Hospital: Calculate the

Question:

Budgeted patient volume: 500 Budgeted patient mix DRG 1 50% DRG 2 30% DRG 3 20% Budgeted contribution margin DRG 1 $500 DRG 2 200 400 DRG 3 You also know the following actual results: Actual patient volume: 450 Actual patient mix DRG 1 65% DRG 2 20% DRG 3 15%

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Essentials Of Cost Accounting For Health Care Organizations

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