Calculate rotary hospitals total variance

Assignment Help Financial Accounting
Reference no: EM13502189

Rotary Hospital's static nursing labour expense budget for the month of November 2012 was $64,800 (1,200 patients * 1.5 nursing labour hours per patient * $36 per nursing labour hour). During the month of November 2012 Rotary Hospital actually cared for 1,300 patients. The actual nurse labour expense for the month was $84,175 and 2,275 nursing hours were actually worked.

Calculate Rotary Hospital's total variance between its budget and actual nurse labour expense. How much of this variance was due to:

a. actual patient numbers being different from the budget?

b. the hourly cost of nursing services being different from budget?

c. the number of nursing hours used being different from budget?

d. what factor caused the biggest difference between the actual and budgeted figures?

Reference no: EM13502189

Questions Cloud

Evaluate the profitability using the ratios : Critically evaluate short term liquidity using the ratios - Critically evaluate the profitability using the ratios
Calculate the profit and loss position : Calculate the profit and loss position for each of the patient service departments and the hospital as a whole.
What is the payback period for each machine : What is the internal rate of return for each piece of equipment, what is the payback period for each machine
How far does the midpoint move : Two steel wires(of the same length and different radii) are connected together, end to end, and tired to a wall. How far does the midpoint move
Calculate rotary hospitals total variance : Calculate Rotary Hospital's total variance between its budget and actual nurse labour expense. How much of this variance was due to actual patient numbers being different from the budget
What is painless expense variance : What is Painless' expense variance? Is the total expense variance favourable or unfavourable and was the net impact of the two variances helpful or harmful to the economic health of the organisation?
Find how long does david measure the train car to be : A very fast-moving train car passes you, moving to the right at 0.50c. You measure its length to be 14m. How long does David measure the train car to be
Compute the net present value of proposal : Compute the net present value of this proposal. On the merits of your net present value computation, should Cavalier Skilled Nursing Homes invest in this project? Explain your answer.
Explain the other metal ion begin to precipitate : A solution contains 0.25 M Ni(NO3) and 0.25 M Cu(NO3)2. can metal ions be separated by slowly adding Na2CO3? Assume that for successful separation 99% of the metal ion must be precipitated before the other metal ion begin to precipitate,

Reviews

Write a Review

Financial Accounting Questions & Answers

  Illustrate what is the discounted payback period

An investment project costs $21,500 and has annual cash flows of $4,200 for 6 years. If the discount rate is 20 percent, illustrate what is the discounted payback period?

  Johnson realty bought a 2000- hectare island for 10000000

johnson realty bought a 2000- hectare island for 10000000 and divided it into 200 equal size lots.as the lots are sold

  Illustrate what amounts should bbc record for the bonds

BBC incurred $200,000 in accounting fees and $50,000 in banking fees related to this transaction. Illustrate what amounts should BBC record for the bonds upon issuance using US GAAP and IFRS?

  Prepare sales portion of the entry

Prepare the sales portion of the entry for this sale on Janet's books and Prepare the cost of sales portion of the entry for this sale on Janet's books

  Journal entries in relation to plant asset transactions

Journal entries in relation to plant asset transactions and Prepare the general journal entries to record these transactions.

  Elucidate how each amount in flexible budget was calculated

Elucidate how each amount in the flexible budget was calculated: If static budget has 1200 surgeries, $2400 patient revenue, 1200 salary expense, 600 non salary expense and profit is $600.

  Evaluate return on common stockholders'' equity

Evaluate return on common stockholders' equity - Based on the preceding information, calculate return on common stockholders' equity.

  Consolidated basic and diluted earnings per sharepeppercorn

consolidated basic and diluted earnings per share.peppercorn corporation owns 90 of salt corporations common stock and

  The following is a list of account titles and amounts in

the following is a list of account titles and amounts in millions from a recent company annual reportbuildings and

  Find out the price of the bonds at january

On December 31, 2011, the fair value of the bonds was $668,000 as determined by their market value in the over-the-counter market. Find out the price of the bonds at January 1, 2011, and prepare the journal entry to record their issuance.

  Explain how much will net income change if sales increase

Explain how much will net income change if sales increase by 5,000 units.

  Evaluate the predetermined overhead ratelogan products

evaluate the predetermined overhead ratelogan products computes its pre-evaluated overhead rate annually on the basis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd