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Estimate the flexible budget Calculate the revenue variance, volume variance, price variance Calculate the profit variance, revenue variance and cost variance Explain what results show
- Estimate the flexible budget
- Calculate the revenue variance, volume variance, price variance
- Calculate the profit variance, revenue variance and cost variance
- Explain what results show with respect to the profit and revenue variances
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| Static | Actual |
| Patient Visits | 1,000 | 900 |
| Net Patient Revenue | $10,000 | $9,100 |
| Variable Costs | $6,000 | $5,580 |
| Contribution Margin | $4,000 | $3,520 |
| Fixed Costs | $3,000 | $2,900 |
| Operating Income | $1,000 | $620 |
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