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# Mmha 6400 Week 9 Assignment — Budgeting And Variance Analysis

##### Question

Instructions:

The following are budgeted and actual revenues and expenses for a hospital.

Budgeted                                         Actual

Revenues

Surgical Volume                             2,500                                                  2,700

Surgery Revenues                          \$600,500                                           \$850,750

Parking Revenues                          \$16,000                                              \$18,000

Expenses

Patients Days                                   27,000                                              27,000

Pharmacy                                         \$120,000                                          \$160,000

Misc Supplies                                  \$66,000                                             \$77,500

1.Determine the total variance between the planned and actual budgets for Surgical Volume. Is the variance favorable or unfavorable?

2. Determine the total variance between the planned and actual budgets for Patient Days. Is the variance favorable or unfavorable?

3. Determine the service-related variance for Surgical Volume.

4. Determine the service-related variance for Patient Days.

5. Prepare a flexible budget estimate. Present aside-by-side budget, flexible budget estimate, and the actual Surgical Revenues.

6. Prepare a flexible budget estimate. Present aside-by-side budget, flexible budget estimate, and the actual Patient Expenses.

7.  Determine what variances are due to change in volume and what variances are due to change in rates.

##### Solution

Title: Mmha 6400 Week 9 Assignment — Budgeting And Variance Analysis
Length: 9 pages (1200 Words)
Style: APA

Preview

 Volume variance: Budgeted Surgical volume 2,500 Surgery Revenue 600,500 Budgeted Revenue per Surgery 240 Actual Surgical volume 2,700 Actual Surgical revenue on budgeted rate 648,540 Volume variance 48,040
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