Calculate the excess of expenses over revenue

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Reference no: EM131949928

Question: The budget scenario consists of actual and budgeted figures. Assume that Eastside Urgent Care Clinic anticipated that it would provide 2,500 flu shots in 2010 to noninsured patients at $10 per shot. The revenue and expenses were budgeted for 2,700 flu shots in 2010 to noninsured patients. The budgeted expenses were $5,000. Assume that the clinic provided only 2,455 flu shots to noninsured patients, or 98%. The actual expenses were $4,500. Calculate the following:

• Static budget variance

• Revenue

• Expenses

• Excess of expenses over revenue.

Please show work and explain.

Reference no: EM131949928

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