10. In the calculation of a budget variance, a favorable' variance is when which of the following occurs? Identify all correct answers.as more than one when actual expense is greater than budget expense -when actual expense is less than budget expense -when actual net revenue is greater than budget net revenue -when actual net revenue is less than budget net revenue 11. What is the formula to calculate and determine Profit? Profit less General Hospital has three payers with the following Case volumes. Charses Net Revensrofsios) Medicare Yolume 40 40 Managed Care Self Pay 20 Total 100 General Hospital has estimated that its average Cost per Case is $1,500 per volume and its average billed Charge per Case is $2,000 per volume. General Hospital's contract with Medicare pays $2,500 per case. Managed care pays 50% of billed Charges. Self Pay is Charity Care for which the Hospital receives $0. Bonus Question 1: Using the table above, what is the Cost, billed Charges, Net Revenue collections and Profit/(Loss) by payer and in Total? Bonus Question 2: What would General Hospital need to Charge per case Volume to achieve a breakeven Profit/(Loss)i