Question
Budgeted Actual Revenues Surgical Volume 2,5002800 Gift Shop Revenues $19,500$22,200 Surgery Revenues $590,500$850,000 Parking Revenues $18,500 $21,800 Expenses Patients Days 28,00026,000 Pharmacy $123,000 $155,000 Misc
Budgeted Actual
Revenues
Surgical Volume 2,5002800
Gift Shop Revenues $19,500$22,200
Surgery Revenues $590,500$850,000
Parking Revenues $18,500 $21,800
Expenses
Patients Days 28,00026,000
Pharmacy $123,000 $155,000
Misc Supplies $695,000 $790,000
Fixed Overhead Costs $840,000 $875,000
1. Determine the total variance between the planned and actual budgets for Surgical Volume. Is the variance favorable or unfavorable?
2. Determine the total variance between the planned and actual budgets for Patient Days. Is the variance favorable or unfavorable?
3. Determine the service-related variance for Surgical Volume.
4. Determine the service-related variance for Patient Days.
5. Need a flexible budget estimate. Present side-by-side budget, flexible budget estimate, and the actual Surgical Revenues.
6. Need a flexible budget estimate. Present side-by-side budget, flexible budget estimate, and the actual Patient Expenses.
7. Determine what variances are due to change in volume and what variances are due to change in rates.
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