Question
This is for finance class, the question is below and the two template are actully one template, but continues. I have written problem 29 and
This is for finance class, the question is below and the two template are actully one template, but continues. I have written problem 29 and 30.
Question:(problem 8-30) Using the information from Problem 8- 29, assume that the nursing administrator expected 400 patients for flu shots and 1,600 for flu treatment. The medical group typically charges $ 50 for a flu shot and $ 80 for treating a flu patient. Actually, the group had 1,200 patients who received flu shots and 1,400 who had the flu and received treatment. On average, it was able to collect $ 55 per flu shot and $ 70 per flu patient. Compute the volume, mix, and price revenue variances. How did things turn out for the group considering just revenues? How did they turn out from a profit perspective?
(problem 8-29) Assume that you are the nursing administrator for a medical group that expects a severe outbreak of flu this winter. You hire additional staff to treat patients and administer shots. Your special project budget was for 1,000 hours of part-time nurses services at $ 40 per hour, for a total cost of $ 40,000. It was expected that these nurses would treat 2,000 patients. After the flu season was over, it turned out that the total spent on part-time nurses was $ 50,000. The nurses worked 1,200 hours and 2,600 patients were treated. Calculate the variances. Was the overall result favorable or unfavorable? 
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
14th edition
1285867971, 978-1305480742, 1305480740, 978-0357686393, 978-1285867977
