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using the attached screenshot and the numbers at the top of the page, please complete question A and fill out the below empty chart below
using the attached screenshot and the numbers at the top of the page, please complete question A and fill out the below empty chart below using formulas to explain how you found your answers for static budget, flexible budget and actual results.
8.3a Here are the budgets of Brandon Surgery Center for the most recent historical quarter (in thousands of dollars): The center assumes that all revenues and costs are variable and hence tied directly to patient volume. a) Explain how each amount in the flexible budget was calculated. (Hint: Examine the static budget to determine the relationship of each budget line to volume. Determine the variances for each line of the profit and loss statement, both in dollar terms and in percentage terms. (Hint: Each b) line has a total variance, a volume variance, and a price variance [for revenue] or management variance [for expenses].] What do the results from part b tell Brandon's managers about the surgery center's operations for the quarter? a Brandon Surgery Clinic most recent quarter ending 8.3a Here are the budgets of Brandon Surgery Center for the most recent historical quarter (in thousands of dollars): The center assumes that all revenues and costs are variable and hence tied directly to patient volume. a) Explain how each amount in the flexible budget was calculated. (Hint: Examine the static budget to determine the relationship of each budget line to volume. Determine the variances for each line of the profit and loss statement, both in dollar terms and in percentage terms. (Hint: Each b) line has a total variance, a volume variance, and a price variance [for revenue] or management variance [for expenses].] What do the results from part b tell Brandon's managers about the surgery center's operations for the quarter? a Brandon Surgery Clinic most recent quarter endingStep by Step Solution
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