Healthcare Finance, Other Subject

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?


Related Discussions:- Healthcare Finance

Illustrate how miranda might be counselled, Client: Miranda 30 year old fem...

Client: Miranda 30 year old female, completed her higher school certificate at the age of 19, and is now a housewife. She married a foreigner and has two children, the elder a son

Criminal justice, throghout of the course , you will be preparing a 1, 500 ...

throghout of the course , you will be preparing a 1, 500 word research paper/written proposal focusing on how you will use you education to improve the criminal justice system at f

24*7 OPERATIONS, I NEED SWOT analysis on 24*7 business operations

I NEED SWOT analysis on 24*7 business operations

Roles and functions of school counsellors, Problem 1 (a) Explain the ro...

Problem 1 (a) Explain the roles and functions of school counsellors. (b) What are the characteristics of a good School Counsellor? (c) Describe multicultural counselling

Geography, What two influencial artistic movements grew out of western Euro...

What two influencial artistic movements grew out of western Europe

Sketchup, you guys helping the sketchup or not.

you guys helping the sketchup or not.

Principles of environmental control in a workplace, Question 1: (a) Ex...

Question 1: (a) Explain how environmental factors remain a major cause of sickness and death in many regions of the world. (b) How are Environmental Hazards classified?

Virtual terminal, VI R TUA L TERMINAL In open systems, a virtual te...

VI R TUA L TERMINAL In open systems, a virtual terminal ( VT ) is a submission service that: 1.   Allows host terminals on a multi-user network to work together with ot

History, What role does education play in the African American struggle to ...

What role does education play in the African American struggle to achieve freedom and equality in the segregated South?

Write Your Message!

Captcha
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!

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