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Company C is a walk in clinic and had 2,900 patient visits in the most recent month Planned revenue and expenses were anticipated to be:
Company C is a walk in clinic and had 2,900 patient visits in the most recent month | ||||
Planned revenue and expenses were anticipated to be: | ||||
Fixed | Variable | |||
Revenue | $ 30.00 | per visit | ||
Expenses: | ||||
Personnel | $ 30,200 | $ 7.70 | per visit | |
Medical supplies | $1,600 | $ 5.20 | per visit | |
Occupancy expenses | $7,400 | $ 1.00 | per visit | |
Administrative expenses | $3,900 | $ 0.02 | per visit | |
Actual results for the month. | ||||
Revenue | $89,360 | |||
Personnel expenses | $53,360 | |||
Medical supplies | $16,880 | |||
Occupancy expenses | $9,940 | |||
Administrative expenses | $4,550 | |||
Prepare a flexible budget for revenue and expenses, explain any unfavorable differences | ||||
and explain any steps you might take to correct the improve the financial situation |
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