Prepare monthly revenue-expense variance report for clinic

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Reference no: EM131301411

Detailed variance analysis. A dermatology clinic expects to contract with an HMO for an estimated 100,000 enrolees. The HMO expects one in four of its enrolled members to use the dermatology services per month. At the end of the year, the dermatology clinic's business manager looker at her monthly figures and saw tha the number if enroleed members had increased by 5 percent over the budgeted amount and that one in three of the HMO members had used the dermatology services per month. Net monthly revenues of the dermatology clinic were budgeted at 360,000 but were actually 550,000. Monthly expenses for the clinic were budgeted at 300,000 but were actually 370,000. a)prepare monthly revenue and expense variance report for the clinic. b) are these variances favorable or unfavorable? Why?

Reference no: EM131301411

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Prepare monthly revenue-expense variance report for clinic : Detailed variance analysis. A dermatology clinic expects to contract with an HMO for an estimated 100,000 enrolees. The HMO expects one in four of its enrolled members to use the dermatology services per month. prepare monthly revenue and expense var..

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