Solution-Determine the variances for each line of the profit

Determine the variances for each line of the profit

Reference no: EM133177473

Question - Here are the budgets of Brandon Surgery Center for the most recent historical quarter (in thousands of dollars):

	Static	Flexible	Actual
Number of surgeries	1,200	1,300	1,300
Patient revenue	$ 2,400	$ 2,600	$ 2,535
Salary expense	$ 1,200	$ 1,300	$ 1,365
Non-salary expense	$ 600	$ 650	$ 585
Profit	$ 600	$ 650	$ 585

The center assumes that all revenues and costs are variable and hence tied directly to patient volume.

Determine the variances for each line of the profit and loss statement, both in dollar terms and in percentage terms.

Reference no: EM133177473

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Determine the variances for each line of the profit

Reference no: EM133177473

Reference no: EM133177473

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