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
Question 1: (A) (I) Define family. (II) Fully describe the types of family. (B) What do you understand by ‘married life'? (C) State the reasons why people marry.

1)  The average number of sentences per word over time Do this two ways: First, using a simple regex that splits on puntuation. Second, using the natural language toolkit's se

Why should we keep our environment clean and green ?

reflect on this anecdotal phrase that one might hear, “I did that with my children and it worked fine for them.”

Mention the Aims of Education in Present Scenario


ELECTRONIC FUND TRANSFER EFT or Electronic funds transfer  refers to the computer-based systems used to achieve financial transactions by electronic means. The expression is

DO you provide assistance for vhdl coding? DIF Radix 4 Fft Coding for example

WHY INTERNET IS INSECURE? Theft of Personal information If you make use of the Internet, you may be facing serious danger as your private information such as name, addres