Which specific 2 budget items showed the biggest $$ variances? Comment on what you believe were some possible causes for these variances.

STUDENT NAME: RACHEL BOURNE Pro Forma Year 2022 Actual Results End of 2022 S Variance (in revenues) % Variance (in revenues) Revenues Private Insurance Medicare Medicaid Self-pay 690,000 189.000 33,000 62.500 974.500 554.250 217,040 63,150 29,880 864,320 -135.750 28.040 30,150 -32,620 -110.180 -19.79 14.8% 91,4% -52.2% -11.3% Total revenue Expenses Salaries and Benefits Medical Supplies Administrative Supplies Rent and Utilities Total expenses 721.000 111.350 8,500 52.500 893,350 736,862 150,225 7.750 59,620 954,457 15,862 38.875 -750 7.120 61,107 2.2% 34.9% -8.8% 13.6% 6,8% Income Loss 1,867,850 1.818,7771 -49,073 Pro Forma Year 2022 Actual Results End of 2022 $ Variance (in revenues) % Variance (in revenues) Revenues Private Insurance Medicare Medicaid Self.pay 690,000 189.000 33.000 62,500 974.500 554,250 217,040 63,150 29,880 864,320 -135,750 28.040 30,150 -32,620 -110.180 - 19.7% 14.8% 91.4% -52.2% - 11.3% Total revenue Expenses Salaries and Benefits Medical Supplies Administrative Supplies Rent and Utilities Total expenses 721,000 111.350 8,500 52,500 893,350 736,862 150,225 7.750 59,620 954,457 15,862 38,875 -750 7.120 61,107 2.2% 34.9% -8.8% 13.6% 6.8% Income Loss 1,867,850 1,818.777 -49,073