Calculate and prepare the static budget, flexible budget, and actual results based upon the following information:

	Budget	Actual
Volume Assumptions
FFS Visit Volume	60,000 visits	72,000 visits
Payer Mix:
Blue Cross	40%	40%
Highmark	60%	60%
Reimbursement Rates:
Blue Cross	$85 per visit	$81 per visit
Highmark	$70 per visit	$63 per visit
Variable Costs
Resource Inputs:
Labor	40,000 total hours	34,000 total hours
Supplies	60,000 total units	84,000 total units
Resource Input Prices:
Labor	$75.00 per hour	$76.00 per hour
Supplies	$2.50 per unit	$3.50 per unit
Fixed Costs	$400,000	$400,000

What is the net income for the static budget?

What is the net income for the flexible budget?

What is the net income for the actual results?