1. Variance Analysis Exercise
Revenue and expense variance information for an ambulatory care clinic
	Givens:		Budgeted	Actual	Variance	Status
	A	Visits	1,000	1,200
	B	Revenues	$100,000	$117,000
	C	Expenses	$65,000	$70,000
	D	Net Income	$35,000	$47,000
	a)	Variance: Calculate the variance (Budgeted - Actural for each category
	b)	Status: Determine was the Variance Favorable or Unvavorable. Note in Status Column

Please help, I will give a thumb up to you. Thank you.