Healthcare Delivery | Instant Homework Help
Discussion: Why Do Good Budgets Go Bad?Budgeting and Variance AnalysisInstructions:The following are budgeted and actual revenues and expenses for a hospital:Budgeted ActualRevenuesSurgical Volume2,300 2,600Gift Shop Revenues$18,000 $19,000Surgery Revenues $589,500 $852,750Parking Revenues $17,000 $19,000ExpensesPatients Days 26,000 25,000Pharmacy $119,000 $158,000Misc. Supplies$68,000 $795,600Fixed Overhead Costs $832,000 $890,000In preparation of your Discussion post submission, complete the following:1. Determine the total variance between the planned andactual budgets forSurgical Volume. Is the variance favorable or unfavorable?2. Determine the total variance between the planned and actual budgets forPatient Days. Is the variance favorable or unfavorable?3. Consider which variances are potentially due to change in volume and whichvariances are potentially due to change in rates or other factors
With us, you are either satisfied 100% or you get your money back-No monkey business