-Interpret the information from the analysis using the "Simple Variance Analysis Interpretation" as reference:

Actual Results Variance Amount Variance % Simple Budget I. Volume (Number of Visits) Medicare 2,400 Self-Pay 1,800 Total 4,200 2,580 1,680 4,260 180 (120) 8% -7% 1% 60 II. Reimbursement (per Visit) Medicare Self-Pay $180,000 $144,000 $180,600 $151,200 600 7,200 0% 5% III. Costs: Variable Costs Supplies $84,000 $85,200 1,200 1% Fixed Costs Salaries and Wages Rent Total $150,000 36,000 $186,000 $165,000 33,600 $198,600 15,000 (2,400) $12,600 10% -7% 7% IV. Forecasted P&L Statement Revenues: Medicare $432,000,000 Self-Pay 259,200,000 Total Revenues $691,200,000 Variable Costs $84,000 Fixed Costs 186,000 Total Costs $270,000 Profit $690,930,000 $465,948,000 254,016,000 $719,964,000 $85,200 198,600 $283,800 $719,680,200 33,948,000 (5,184,000) 28,764,000 1,200 12,600 $13,800 $28,750,200 8% -2% 4% 1% 7% 5% 4% Simple Variance Analysis Interpretation Profitability was $22,500 (17.3%) below standard. Revenues were $47,500 (2.4%) greater than expected. Costs were $70,000 (3.8%) greater than expected. Higher revenues were due to Payer A, which had both higher than expected volume and reimbursement. Costs were higher across the board