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Determine the variances between planned and actual budgets

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Reference no: EM133180236

Question - The following are the planned and actual revenues for the MHA Medical Center.

Givens:

 

Planned budget

Actual budget

Patient volume

42,000

45,000

Patient revenues

$12,600,000

$15,300,000

Revenue per visit

$300

$340

Determine the variances between the planned and actual budgets.

Determine what variance is due to change in volume and what variance is due to change in rates.

Reference no: EM133180236

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