Question
Here are the 2021 revenues for Nu-Kim Radiology for four different budgets: Static Budget Flexible Enrollment & Utilization Budget Flexible Enrollment Budget Actual Results $300,000
Here are the 2021 revenues for Nu-Kim Radiology for four different budgets:
| Static Budget | Flexible Enrollment & Utilization Budget | Flexible Enrollment Budget | Actual Results |
| $300,000 | $340,000 | $280,000 | $310,000 |
1) Calculate the following:
a. Revenue Variance
b. Volume Variance
c. Price Variance
d. Enrollment Variance
e. Utilization Variance
2) Interpret each variance:
a. Revenue Variance
b. Volume Variance
c. Price
d. Enrollment Variance
e. Utilization Variance
f. Overall
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the variances and interpret them we need to compare the actual results with the different budgets provided Lets calculate each variance and provide the interpretation 1 Calculating the va...
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Step: 2
Step: 3
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
