User Account

All Pages

Prepare a flexible budget estimate

Assignment Help Accounting Basics
Reference no: EM131826395

Problem - Detailed Variance analysis

The following are planned and actual revenues for Cutting Edge Surgery Center. Sine they are one of four surgery cents in the community, the administrator is very concerned with his rates in relation to those of his competitors.

                                     Planned                 Actual

Surgical volume                 1,200                 1,400

Gift shop revenues           $12,000             $15,000

Surgery Revenues           $500,500            $750,750

Parking Revenues            $15,000              $17,000

a. Determine the total variance between the planned and actual budgets.

b. Determine the service- related revenues and calculate variance still unexplained.

c. Prepare a flexible budget estimate. Present side-by-side the budget, flexible budget estimate, and actual surgical revenue (and related volumes).

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

e. Determine the volume variance and rate variance based on per unit rates.

Reference no: EM131826395

Questions Cloud

How do transactions in the divorce agreement affect income : In 2012, he made six payments. How do the transactions in the divorce agreement affect Arnold's and Barbara's taxable income
Coordinates of the endpoints of the side congruent : If parallelogram JKLM is rotated 270° counterclockwise around the origin, what are the coordinates of the endpoints of the side congruent to side KL
Case study-strategy and performance management at dsm : Using the stages from the performance management process, suggest the key processes that DSM needs to provide within its system in order to successfully.
Information regarding a twice-differentiable function : 1) Below is a chart that gives some information regarding a twice-differentiable function f(x).(n/a = "not applicable")
Prepare a flexible budget estimate : Prepare a flexible budget estimate. Present side-by-side the budget, flexible budget estimate, and actual surgical revenue (and related volumes)
Explain how you would address conflict among team members : Describe the key attributes for players on the team and appraise the risks. Explain how you would address conflict among team members.
Precision tool is analyzing two machines : Precision Tool is analyzing two machines to determine which one it should purchase.
Determine the size of the two replacement payments : Determine the size of the two replacement payments if interest is 4?% compounded monthly and the focal date is today.
The firm therefore earned return on investment : Earl’s Fishing Tackle, Inc. earned a 3.0% net profit margin last year. The firm therefore earned a return on investment of

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the purpose of depreciation does the book value of

what is the purpose of depreciation? does the book value of a fixed assetu2014cost minus accumulated

  On june 1 royal corp began operating a service company with

on june 1 royal corp. began operating a service company with an initial cash investment by shareholders of 3900000. the

  Prepare a common-sized income statement

Prepare a common-sized income statement comparing the results of operations for Sorenson Electronics Company with the industry average

  The securities and exchange commission

The Securities and Exchange Commission (SEC) regulates public companies. The SEC has found that some of these companies have violated GAAP by using creative accounting practices to mislead investors and creditors regarding the health of their comp..

  Pact company had net income of 972000 based on variable

pact company had net income of 972000 based on variable costing. beginning and ending inventories were 7800 units and

  Jose purchased a delivery van for his business through an

jose purchased a delivery van for his business through an online auction. his winning bid for the van was 37500. in

  A company started the year with accounts receivable of

a company started the year with accounts receivable of 15000 and an allowance for uncollectible accounts of 1500.

  What is the current year Subpart F deemed dividend to USCo

OutCo's current year E&P is $250,000 and its accumulated E&P is $18 million. What is the current year Subpart F deemed dividend to USCo

  What are organizational expenditures

What are organizational expenditures? How are they treated for tax purposes? What are start-up expenditures? How are they treated for tax purposes?

  Prepare summary journal entries to record

Prepare summary journal entries to record the following transactions and events a through g for a company in its first month of operations.

  On june 302009 temple sold abel division for 351000 when

the following information was taken from the accounting records of temple company inc. for the year ended december 31

  What effect do closing costs have on effective air

Your company has an existing loan with monthly payments, principal and interest, of $1,888.59. There are 120 payments left on the loan and the loan.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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