ASSESSMENT TASK 2- CASE STUDY ANALYSIS

Preparation and Presentation of budget

STUDENT INSTRUCTIONS:

For this Assessment Task 2, you are required to analysis the given case study and answer the questions given below.

Case Study: Have your flu shot!

The Flu Shot department at The Hospital will soon enter flu season.

To prepare, the department is stocking up on Band-Aids-regular and glow-in-the-dark. A regular Band-Aid is budgeted at $1, while a glow-in-the-dark Band-Aid is budgeted at $2. The net revenue for a flu shot is $20/patient.

During last year's flu season, the department saw 400 adults and 700 children. Children always request glow-in-the-dark Band-Aids.

You are required to answer the following questions:

a)Statistical budget, in a tabular format.

b)Calculate the revenue and operating budget to find out the total profit or loss.

c)Present the result in a graphical format.

The Hospital's flu season campaign brings forth additional patients resulting in actual patients as 300 adults and 1000 children. Perform a variance analysis and answer the following questions.

d)How does volume change affect budgeted revenue and expenses?

e)How does change in patient mix affect the department's finances?

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