Question
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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