Question: please show calculations and interpretation. 2. Consider the following three budgets for Minute Clinic during 2020: Flexible Budget Actual Results 40,000 60,000 100,000 40,000 60,000

 please show calculations and interpretation. 2. Consider the following three budgets

please show calculations and interpretation.

2. Consider the following three budgets for Minute Clinic during 2020: Flexible Budget Actual Results 40,000 60,000 100,000 40,000 60,000 100,000 $ 1,000,000.00 $ 1,200,000.00 $ 2,200,000.00 $ 1,120,000.00 $ 1,080,000.00 $ 2,200,000.00 Static Budget Visits BCBS Patients 36,000 Highmark Patients 54,000 Total Patients 90,000 Revenue BCBS Patients $ 900,000.00 Highmark Patients $ 1,080,000.00 Total Revenue $ 1,980,000.00 Expenses Variable Labor $ 1,200,000.00 Supplies $ 150,000.00 Total Variable $ 1,350,000.00 Fixed $ 500,000.00 Total Expenses $ 1,850,000.00 Contribution $ 630,000.00 Margin Net Profit $ 130,000.00 $ 1,333,333.33 $ 166,666.67 $1,500,000.00 $ 500,000.00 $ 2,000,000.00 $ 700,000.00 $ 1,400,000.00 $ 225,000.00 $ 1,625,000.00 $ 500,000.00 $ 2,125,000.00 $ 575,000.00 $ 200,000.00 $ 75,000.00 A. B. C. Calculate and provide an interpretation of the profit variance. Calculate and provide an interpretation of the revenue variance (total). Calculate and provide and interpretation of the cost/expense variance (total). Evaluate the overall budgetary performance for Minute Clinic in 2020. What factors (identify at least two) that contributed to this overall level of performance. D

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