Here are the 2021 revenues for Nu-Kim Radiology for four different budgets: Static Budget Flexible Enrollment &
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Question:
Here are the 2021 revenues for Nu-Kim Radiology for four different budgets:
Static Budget | Flexible Enrollment & Utilization Budget | Flexible Enrollment Budget | Actual Results |
$300,000 | $340,000 | $280,000 | $310,000 |
1) Calculate the following:
a. Revenue Variance
b. Volume Variance
c. Price Variance
d. Enrollment Variance
e. Utilization Variance
2) Interpret each variance:
a. Revenue Variance
b. Volume Variance
c. Price
d. Enrollment Variance
e. Utilization Variance
f. Overall
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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