MNA ACCOUNTING - CHAPTER 8 - HOMEWORK TEMPLATE Problem 8-33 Flu Treatment Total Flu Shots Actual $ $ $164,000 Budget $20,000 $128,000 $148,000 Variance $46,000 $ $ The formats shown below are consistent with the lecture note configuration: Total Revenue variance = $16,000 which is favorable (unfavorable) CHECK FIGURE Price component = Actual Quantity (Actual Price per patient - Budgeted Price per patient) $(28,400) Volume component = Budgeted price per patient (Actual Quantity - Budgeted Quantity 44,400 $16.000 Flexible budget approach Flexed Original Total Price or Cost Volume Actual Budget Budget Variance Component Component $164,000 $148,000 $16,000 - 11 -favorable or unfavorable? 8-33. Using the information from Problem 8-32, assume that the nursing administrator expected 400 patients for flu shots and 1,600 for flu treatment. The medical group typically charges $50 for a flu shot and $80 for treating a flu patient. Actually, the group had 1,200 patients who received flu shots and 1,400 who had the flu and received treatment. On average, it was able to collect $55 per flu shot and $70 per flu patient. Compute the volume, mix, and price revenue variances. How did things turn out for the group considering just revenues? How did they turn out from a profit perspective? 4. Dr. Eger is a phu