A. Prepare the budget and the actual on the attached worksheet. B. Complete a side by side comparison using your results from A above and complete the Static Variances in each category. EXTRA CREDIT INITIAL BUDGET The budget anticipated 15,000 inpatient days this year at an average of $500 per day Inpatient expenses were budgeted at $450 per patient day. The budget anticipated 10,000 outpatient visits this year at an average of $350 revenue per visit. Outpatient expenses were budgeted at $280 per visit. ACTUAL RESULTS Assume that only 13,500 or 90%, of the inpatient days are going to actually be achieved for the year. The average revenue of $500 per day will be achieved for these 13,500 inpatient days. The outpatient visits will actually amount to 110% or 11,000 for the year. The average revenue of $350 per visit will be achieved for these 11,000 visits. Actual inpatient expenses will amount to $6,300,000 and actual outpatient expenses will amount to $3,500,000. REQUIRED