Healthcare Finance, Other Subject

Here are the budgets of Brandon Surgery Center for the most recent historical quarter (in thousands of dollars):
Static Flexible Actual
Number of surgeries 1,200 1,300 1,300
Patient revenue $2,400 $2,600 $2,535
Salary expense $1,200 $1,000 $1,365
Non salary expense $ 600 $ 650 $ 585
Profit $ 600 $ 650 $ 585
The center assumes that all revenues and costs are variable and hence tied directly to patient volume.
a. Explain how each amount in the flexible budget was calculated.
b. Determine the variance for each line of the profit and loss statement in both dollar terms and percentage terms (Each line has a total variance, a volume variance, and a price variance [for revenues] and management variances [for expenses].
c. What do the part b results tell Brandon’s managers about the surgery centers operations for the quarter?

Posted Date: 11/6/2012 9:00:46 AM | Location : United States







Related Discussions:- Healthcare Finance, Assignment Help, Ask Question on Healthcare Finance, Get Answer, Expert's Help, Healthcare Finance Discussions

Write discussion on Healthcare Finance
Your posts are moderated
Related Questions
Importance of natural resource geography: The importance of natural resources geography has grown in the light of its study of the geographic aspects of the conservation and reple


what is nuclear fission?

Overtaken Rules - Traffic Congestion There are several precaution steps should be taken into consideration to inhibit accidents when one vehicle overtaking and passing the oth

How does being a market participant affect the right of a state to discriminate against out-of-state businesses

Question: What is the Characteristics of Classical Civilization. Describe the following below given charcateristics Religion and Culture Military Social Class/Group dy

For this task, complete the following: Choose an example of how the government has impacted public policy. For example: Social Security Act, the Affordable Care Act, the 18th Amen

What is B2B e-commerce? B2B e-commerce is just defined as e-commerce between companies. This is the kind of e-commerce that deals with dealings among and between businesses. Ab

The darby company manufactures and distributes meters used to measure electric power consumption. the company started with a small production plant in El Paso and gradually built a

Use of the Contropposto: It is a standing position, where mostly figure's weight rests on only one foot. Consequently, the body twists, and shoulder and the hip axes are no longer