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Is the format of the budget comparable

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Reference no: EM132606587

Healthcare Revenue           $ 72,900,374

Non Patient Revenue           $ 1,208,557

Release of Assets                $ 3,867,885

Total Revenue                   $ 77,976,816

Salaries and Wages            $ 40,100,000

Benefits                         $ 6,100,100

Total Supplies               $ 6,600,026

Purchased Services       $ 12,400,780

Depreciation                 $ 2,500,650

Overhead                    $ 959,500

Total Expenses            $ 68,661,056

Net Operating Income Budget $ 9,315,760

Question 1. Is this budget static (not adjusted for volume) or flexible (adjusted for volume during the year)?

Question 2. Are the figures designated as fixed or variable?

Question 3. Is the budget for a defined unit of authority?

Question 4. Are the line items within the budget all expenses (and revenues, if applicable) that are controllable by the manager?

Question 5. Is the format of the budget comparable with that of previous periods so that several reports over time can be compared if so desired?

Question 6. Are actual and budget for the same period?

Question 7. Are the figures annualized?

Question 8. Test one line-item calculation. Is the math for the dollar difference computed correctly? Is the percentage properly computed based on a percentage of the budget figure?

Reference no: EM132606587

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