Question $3($Mandatory$)(5$ points$)$

A decrease in the number of patients treated should create:

a$)$ favorable revenue and expense variances.

b$)$ a favorable revenue variance and an unfavorable expense variance

C$)$ unfavorable revenue and expense variances.d$)$ an unfavorable revenue variance and a favorable expense variance.

Question $4($Mandatory$)(5$ points$)$

The contribution margin is the difference between:

a$)$ revenue and total costs.

b$)$ None of these is correct.

C$)$ revenue and fixed costs.

d$)$ revenue and variable costs. Question $1($Mandatory$)(5$ points$)$

When assessing actual expenses and before judging performance, an analyst should compare current actual expenses:

a$)$ to prior expenses in their own organization.

b$)$ to expense in similar organizations.

C$)$ All of these are correct.

d$)$ benchmark to compare with other similar industries

Question $2($Mandatory$)(5$ points$)$

Cost variance is the sum of the:

a$)$ efficiency and intensity variances.

b$)$ volume, efficiency, and price variances.

C$)$ volume and price variances.

d$)$ price and efficiency variances