a 4. Recently, there has been a decrease in the number of patients at Henson Hospital. To save money, hospital administrators decided to reduce the hours of 3 nurses from each department from 40 hours per week to 32 hours per week. If each nurse makes $24 per hour, what is the financial impact of the hours reduction (how much is saved weekly)? 6. Budget variance computation : *** Actual results budgeted = budget variance = Assume: budget anticipates 4,000 patients' days this year at average of $600 revenue per day. Expenses are budgeted at $560 per patient day. What does budget look like? Assume that only 3,600 of patient days are actually achieved for the year. The average revenue for these days will be achieved. Expenses will equal $2,200,000. What do actual results look like? 7. Your budget anticipates 30,000 inpatient days this year at $650 revenue per day. And... - Inpatient expenses budgeted at $600 per day - Anticipated 10,000 outpatient visits this year at $400 revenue per visits - Outpatient expenses budgeted at $380 per visit Actual results: - 27,000 inpatient days achieved -$650 revenue per day achieved - 110 percent of outpatient visits achieved - $400 revenue per visits achieved - Actual inpatient expenses amount to $16,100,000 and outpatient expenses are $4,000,000 - - Compare expected budget to actual performance and calculate the budget variances