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Budget problem. (Variances and Profit and Loss Statement) Solve this flexible budget table Flexible Results Actual Results Variance $ (Visit) % Volume Number visits Payer

Budget problem. (Variances and Profit and Loss Statement) Solve this flexible budget table

Flexible Results

Actual Results

Variance

$ (Visit)

%

Volume Number visits

Payer A

11000

11000

?

?

Payer B

12000

12000

?

?

Total

23000

23000

?

?

Reimbursement (per visit)

Payer A

$100

$95

?

?

Payer B

$90

$95

?

?

Costs

Variable costs

Supplies

???? This answer is tricky!

$350,000

?

?

Fixed costs

Labor

$ 1,035,000.00

$ 1,000,000.00

?

?

Overhead

$ 500,000.00

$ 500,000.00

?

?

Total

$ 1,535,000.00

$ 1,500,000.00

?

?

Profit & Loss Statement

Revenues

Payer A

?

?

?

?

Payer B

?

?

?

?

Total revenues

?

?

?

?

Variable Costs

?

?

?

?

Fixed costs

?

?

?

?

Total costs

?

?

?

?

Profit

?

?

?

?

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