Question: This is for finance class, the question is below and the two template are actully one template, but continues. I have written problem 29 and

This is for finance class, the question is below and the two template are actully one template, but continues. I have written problem 29 and 30.

Question:(problem 8-30) Using the information from Problem 8- 29, 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?

(problem 8-29) Assume that you are the nursing administrator for a medical group that expects a severe outbreak of flu this winter. You hire additional staff to treat patients and administer shots. Your special project budget was for 1,000 hours of part-time nurses services at $ 40 per hour, for a total cost of $ 40,000. It was expected that these nurses would treat 2,000 patients. After the flu season was over, it turned out that the total spent on part-time nurses was $ 50,000. The nurses worked 1,200 hours and 2,600 patients were treated. Calculate the variances. Was the overall result favorable or unfavorable? This is for finance class, the question is below and the two template are actully one template, but continues. I have written problem 29

1 PROBLEM 8-30 3 SOLUTION 5 (Revenue Variance Analysis) 7 Basic Data Actual 9 Flu Shot Volume 10 Treatment Volume 11 Total Volume 12 Flu Shot Price 13 Treatment Price 15 16 Original Budget: 17 Flex Budget 18 19 20 21 Budgeted Volumex Budgeted Mixx eted Mixx Budgeted Price Budgeted Price Actual Volumex Budgeted Mixx eted Mixx #DIV/0! #DIV/0! SO SO #DIV/0 ! #DIV/0 ! #DIV/0 ! SO SO 23 24 25 26 27 28 29 30 Flex Budget 31 VMA Budget 32 #DIV/0! #DIV/0! #DIV/0 ! #DIVO! #DIV/0! . -- Volume Variance #DIV/01 F Actual Volume Actual Volume x Budgeted Mix x Actual Mix x Budgeted Price x Budgeted Price #DIV/0! #DIV/0! SO SO #DIV/0 ! #DIV/0! #DIVO! 34 35 36 37 38 39 40 41 42 43 44 VMA Budget #DIV/0! #DIV/0! SO SO , #DIV/0! #DIVO! #DIVO! . -- Mix Variance #DIV/0! U Actual Volume x Actual Mix x Budgeted Price

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