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Assumptions: Static Budget Flexible Budget Actual Results Blue Cross Visits 3 6 , 0 0 0 4 0 , 0 0 0 4 0 ,

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Assumptions: Static Budget Flexible Budget Actual Results Blue Cross Visits 36,00040,00040,000 Highmark Visits 54,00060,00060,000 Total Visits 90,000100,000100,000 Revenues Blue Cross 900,000 $ 1,000,000 $ 1,120,000 $ Highmark 1,080,000 $ 1,200,000 $ 1,080,000 $ Total 1,980,000 $ 2,200,000 $ 2,200,000 $ Costs Variable: Labor 1,200,000 $ 1,333,333 $ 1,400,000 $ Supplies 150,000 $ 166,667 $ 225,000 $ Total Variable 1,350,000 $ 1,500,000 $ 1,625,000 $ Fixed Costs 500,000 $ 500,000 $ 500,000 $ Total Costs 1,850,000 $ 2,000,000 $ 2,125,000 $ Profit 130,000 $ 200,000 $ 75,000
Based on this information, calculate profit variance based on the flexed budget. Choice: $95,000 Choice: $145,000 Choice: ($125,000) Choice: ($178,000)
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