SmartExpert

(118)

$30/per page/Negotiable

About SmartExpert

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Business & Finance See all
Accounting,Business & Finance,Economics,English,HR Management,Math Hide all
Teaching Since: Apr 2017
Last Sign in: 6 Days Ago
Questions Answered: 7559
Tutorials Posted: 7341

Education

  • BS,MBA, PHD
    Adelphi University/Devry
    Apr-2000 - Mar-2005

Experience

  • HOD ,Professor
    Adelphi University
    Sep-2007 - Apr-2017

Category > Accounting Posted 21 Apr 2017 My Price 12.00

Week 9 Assignment Budgeting and Variance Analysis Healthcare Financial Management and Economics

Instructions:

 

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

 

Budgeted Actual

Revenues

 

Surgical Volume 2,500 2,700

 

Gift Shop Revenues $19,000 $20,000

 

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

 

Fixed Overhead Costs $808,000 $880,000

 

Using an Excel spreadsheet to show your calculations:

 

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 a side-by-side budget, flexible budget estimate, and the actual Surgical Revenues.

6. Prepare a flexible budget estimate. Present a side-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.

Answers

(118)
Status NEW Posted 21 Apr 2017 04:04 AM My Price 12.00

Wee-----------k 9----------- As-----------sig-----------nme-----------nt -----------Bud-----------get-----------ing----------- an-----------d V-----------ari-----------anc-----------e A-----------nal-----------ysi-----------s H-----------eal-----------thc-----------are----------- Fi-----------nan-----------cia-----------l M-----------ana-----------gem-----------ent----------- an-----------d E-----------con-----------omi-----------csÂ----------- -----------

Attachments

file 1492749969-Week 9 Assignment Budgeting and Variance Analysis Healthcare Financial Management and Economics.xlsx preview (3 words )
Fil-----------e N-----------ot -----------exi-----------sts-----------
file 1492750323-Week 9 Assignment Budgeting and Variance Analysis Healthcare Financial Management and Economics.xlsx preview (66 words )
Ex-----------pen-----------ses-----------Sur-----------gic-----------al -----------Vol-----------ume----------- ----------- ----------- ----------- ----------- ----------- Gi-----------ft -----------Sho-----------p R-----------eve-----------nue-----------s ----------- ----------- ----------- ----------- -----------Sur-----------ger-----------y R-----------eve-----------nue-----------s -----------Par-----------kin-----------g R-----------eve-----------nue-----------s ----------- Pa-----------tie-----------nts----------- Da-----------ys ----------- P-----------har-----------mac-----------y ----------- ----------- ----------- ----------- -----------Mis-----------c S-----------upp-----------lie-----------s -----------Fix-----------ed -----------Ove-----------rhe-----------ad -----------Cos-----------tsB-----------udg-----------etA-----------ctu-----------alV-----------ari-----------anc-----------eTo-----------tal----------- co-----------sts-----------Bud-----------get----------- un-----------itF-----------lex-----------i -----------
Not Rated(0)