9 10 " AB H Incremental Budgeting for a Healthcare Facility M N Team #1 P Q 2019 Financial Performance Quarter 1 100 INCOME Jan Actual Jan Budget Feb Actual Feb Budget Mar Actual Mar Budget Actual Quarter 1 Quarter 1 Budget Variance Variance Explanation Operating Income 31212.38) $17.500 000 $16 923 104 $16.232 543 515.304.64 $15942.012 16.153.872 549.474.552 548461516 a16.850.000510.153.79211732 009230728 09345212 9 2 254 332,347.281) 27 59.222.040 0.461.728 $10,129.000 57.802.450 56.576,000 $7.377402) 479 134 7000 620 04153.760 0742413334414422.032 34 31838434 $8077 104 $28.327.640 $24231342 54096728) $33,823,736 $1,306,512 12 13 343700 1.711.003 1.092240 220.00 (51.538400 1777 54.230 864 $3.847.226 $3.846.340 34100.00 14.030 552 $12.323.09 $12.115.454 208341 14 15 $20.404.260 20.308.44 $154,042 $142.240 $17348701 $15.383654,473.3 16 17 18 33334 Received 1402 10 " 10 10 M " 30 22 23 Total Non Operating income $1.300 83.334 $1,300 $1,300 $3,334 11.000 $10,00 Total INCOME 120,609,460120,311,798116,561,242318,445.574517,321,301 $19,388,684 4821 (45) 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