Solution-What is painless expense variance

What is painless expense variance

Assignment Help Financial Accounting

Reference no: EM13502188

Painless Dentists (Painless) expected to treat 6,000 patients during 2011. The practice expected each patient to need an average of 3 X-rays at a cost to Painless of $11 per X-ray. Painless charges Patients $20 for each X-ray. The actual activity reports for 2011 showed that 5,500 patients came to the clinic and received an average of 3.25 X-rays with an average per X-ray cost of $10.50. For this question there is no need to do an adjusted budget, simply do the difference between the actual and budgeted figures.

a. What is Painless' revenue variance? Is the total revenue variance favourable or unfavourable? Why?

b. What is Painless' expense variance? Is the total expense variance favourable or unfavourable? Why?

c. Was the net impact of the two variances helpful or harmful to the economic health of the organisation? Why?

Reference no: EM13502188

Questions Cloud

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,

How many electrons flow through a light bulb each second : How many electrons flow through a light bulb each second if the current through the light bulb is 0.75A

User Account

All Pages

What is painless expense variance

Reference no: EM13502188

Reference no: EM13502188

Questions Cloud

Reviews

Write a Review

Financial Accounting Questions & Answers

Financial statement analysis and preparation

Shareholder of a company

Financial and accounting principles

Prepare a statement of cash flow using the direct method

Financial accounting assignment

Prepare general journal entries for goela

Principles of financial accounting

Prepare general journal entries to record the transactions

Global reporting initiative

Explain the iasb conceptual frameworks

Determine the company''s financial statements

Computation of free cash flow

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT