2019 Financial Performance Quarter 1 INCOME Jan Actual Jan Budget Feb Actual Feb Budget Mar Actual Mar Budget Quarter 1 Actual Quarter 1 Budget Variance Variance Explanation Operating inco Medicare Medicare Allowance (80%) Medicaid 0 Medicalance (10%) 3rd Party 12 3d Pay Alance (14%) Pate 34.230.004 $17.500.000 1323,104 $16.232.540 $15.304 640 $15,942.012 10254 000 10,153.782 (11,732,068 39.230.7288565.212) 35.222 340 $7,692.450 $0.461 728 $10,129.000 737742 47 1347900,620 56.153,760 $7424133 $12.222.023 $11.340.384 $10.439.201 $10,769440 1711003 1.652.240 2.000 000 51530.400) 1.777.400 $4.100669 54376.002 $975,000 516 153.872 $45.674,552 9 492,254 32 347281 29376764 $24.231.312 30.077 104 $28.327 040 346144822002.355 1304.344) $40.461616 $1.212.304) 53.67513 4,095,728) (33.51801) $3.047220 $3,046.240 Bad Debt (%) 15 $11.307.912 $32.537-224 1.015 320 5.500.859) 14038.552 $12.323.597 2776 120 2.538.440) (2.447.140 32.387 600) 12.606.955 2.423.064 5731.211) $20.806,200 $20,308,464 $16,548.042 $18.462.240 $17,313,701 $19,385.352 554,473.003 $58,156.066 19876,000 $33,823.736 $1.306,512 54545.960) 512.115.654 208.241 5729182) (3.483053) 16 17 Non-Operating Income 10 $1.200 $3.334 $3,200 53.334 $3.200 $3.334 10.800 $10.002 1402 10 30 19 Rental Income 30 20 20 10 50 21 Dat 30 10 30 22 Other 30 23 Total Non-Operating Income $1,300 $3.334 $3,200 $3,334 $3,300 $3,334 10,500 $10.002 Total INCOME 120,609,400520,311,798516,551,242518.465,574317,321,901 $19,388,686 $64.42,403 $5,0 334) Question 29 Review the first quarter 2019 sample budget information provided with the exam instructions and then answer the three questions below: 1. What percentage is the budgeted contribution margin for first quarter 2019? 2. What percentage is the actual contribution margin for first quarter 2019? 3. What is the main reason the budgeted contribution margin varies from the actual contribution margin? 1 pts