Question
Please do not copy from Chegg. I already checked another answer. I have the first part answer. However, could you please explain in detail the
Please do not copy from Chegg. I already checked another answer. I have the first part answer. However, could you please explain in detail the second question.
Chelsea Clinic projected the following budget information for 2015:
Total FES Visit Volume | 90,000 visits |
Paver Mix: | |
Blue Cross | 40% |
Highmark | 60% |
Reimbursement Bata: | |
Blue Cross | $25 per visit |
Highmark | $20 per visit |
Variable Costs | |
Resource Inputs: | |
Labor | 48,000 total hours |
Supplies | 100,000 total units |
Resource Input Prices: | |
Labor | $25.00 per hour |
Supplies | $1.50 per unit |
Fixed Costs (overhead, plant, and equipment) | $500,000 |
Please do not copy from Chegg. I already checked another answer. I have the first part answer. However, could you please explain in detail the second question.
a. Construct Chelsea Clinic's operating budget for 2015.
b. Discuss how each key budget assumption might result in a budget variance, and name the variance that would be used to examine results associated with each assumption.
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