User Account

All Pages

accounting hep, Other Engineering

Assignment Help:
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 $1,000 $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.
a. Explain how each amount in the flexible budget was calculated.
b. Determine the variance for each line of the profit and loss statement in both dollar terms and percentage terms (Each line has a total variance, a volume variance, and a price variance [for revenues] and management variances [for expenses].
c. What do the part b results tell Brandon’s managers about the surgery centers operations for the quarter?


CAROLL CLINIC: NEW 2011 RESULTS
1. Volume
A. FSS 34,000 visits
B. Capitated lives 30,000 members
Number of member months 360,000
Actual utilization per
Member per month
Member per month 0.12
Number of visits 43,200 visits
C. Total actual visits 77,200 visits
2. Revenues
A. FFS $28 visit
X 24,000 actual visits
$952,000
B. Capitated lives $ 2.75 PMPM
X 360,000 actual member visits
$990,000
C. Total actual revenues $1,942,000
Costs
A. Variable costs:

Labor $1,242,000 (46,000 hours at $27/visit)
Supplies $ 126,000 (90,000 units at $1.40/unit)
Total variable costs: $ 17.72 ($1,368,000 x 77,200)
B. Fixed costs:
Overhead, plant
And equipment $525,000
C. Total actual costs: $1,893,000

Profit and Loss Statement:
Revenues
FFS $952,000
Capitated $990,000
Total $1,942,000
Costs
Variable:
FFS $602,487
Capitated $765,513
Total $1,368,000
Contribution margin $574,000
Fixed Costs $525,000
Actual profits $49,000

a. Construct the flexible budget for 2011.
b. What are profit variance?
Revenue variance?
What is the cost variance?
Consider the revenue variance. What is the component volume variance?
What is the price variance?
Break down the management variance into labor, supplies, and fixed costs variances.
Interpret your results.
I AM STILL WAITING FOR QUESTION 1 SUBMITTED TO YOU THAT REQUESTS:
A. WHAT IS THE PER PRICE VISIT TO EARN $100,000
B. WHAT IS THE PER PRICE VISIT WITH A COST VARIABLE OF $10 PER VISIT TO EARN $100,000
Please let me know if you can solve these problems

Related Discussions:- accounting hep

Extrusion, Extrusion : In this method of forging, the metal slug is forced...

Extrusion : In this method of forging, the metal slug is forced to pass through a die under the action of intense of hydraulic pressure. The process can be viewed as squeezing the

Earth Summit, please tell me in detail that what is earth summit??????????

please tell me in detail that what is earth summit??????????

Homework, What are the no-arbitrage lower bound, and the no-arbitrage upper...

What are the no-arbitrage lower bound, and the no-arbitrage upper bound, of the vertical spread C(k1) - C(k2) ?

Blasting, Students are to undertake a tunnel blast design for the following...

Students are to undertake a tunnel blast design for the following conditions: • Tunnel is 5.5m wide by 5.5.m high • Rock is a granite with a UCS of 300 MPa • Drill hole diameter is

Chaplets, Q. Explain the Chaplets.                                    ...

Q. Explain the Chaplets.                                                       OR  When are chaplets required in moulding practice? What is the material of the chaplets?

Aerodynamics-boundary layers, Approach The Hanley solver does solve for ...

Approach The Hanley solver does solve for the boundary layer and potential flow (in a way we will think about later). However, it only gives us full access to the potential solu

Fire alarm systems, Fire alarm systems: All buildings require a means ...

Fire alarm systems: All buildings require a means by which the warning  of  fire  can  be  given  to  all occupants.  In the very smallest premises this might be achievable by

Defects are likely to result in castings, Q. What kind of defects are likel...

Q. What kind of defects are likely to result in castings due to the following?         (i) Core prints on the core are undersigned.        (ii) Core prints on the core

Fire evacuation signals, Fi r e evacuation signals: Members of the ...

Fi r e evacuation signals: Members of the public are known not to respond positively to fire evacuation signals. People will often try to ignore the signal and will try to

Matlab coding, create 22 elements in scalar hint:for loop or any loop state...

create 22 elements in scalar hint:for loop or any loop statement and append to previous variable element by elements

Write Your Message!

Captcha
Order Assignment

Featured Services

Order Now

Popular Subjects

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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