Calculate the following and explain the answers with favorable or Unfavorable. 

1) Complete the Flexible budget sheet.

2) Profit Variance?

3) Total Revenue Variance

4) Revenue Volume Variance?

5) Revenue Price Variance?

6) Total cost Variance?

Transcribed Image Text:

Green Valley Hospital Flexible Budget Static budge Actual Results Number of visits 36,000 38,000 Patient Revenue $2,880,000 $2,964,000 Variable Costs: Supplies 432,000 447,640 Salary Expense 604,800 655,500 Marketing Exp. 540,000 566,200 Other Expenses 201,600 218500 Total Variable Costs 1,778,400 1,887,840 Contribution Margin 1,101,600 1,076,160 Fixed Costs: Rent 403,200 420,000 Other 180,000 170000 Total Fixed Costs 583,200 590,000 Net Income $518,400 $486,160 Green Valley Hospital Flexible Budget Static budge Actual Results Number of visits 36,000 38,000 Patient Revenue $2,880,000 $2,964,000 Variable Costs: Supplies 432,000 447,640 Salary Expense 604,800 655,500 Marketing Exp. 540,000 566,200 Other Expenses 201,600 218500 Total Variable Costs 1,778,400 1,887,840 Contribution Margin 1,101,600 1,076,160 Fixed Costs: Rent 403,200 420,000 Other 180,000 170000 Total Fixed Costs 583,200 590,000 Net Income $518,400 $486,160

Answer rating: 100% (QA)

Formula snip PV snip Formula snip RV snip Formula snip ... View the full answer