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Number of visits Patient Revenue Variable Costs Supplies Salary Expense Marketing Exp. Other Expenses Total Variable Costs Contribution Margin Static Budget 18,000 $1,440,000 216,000 302,400 270,000 100,800 889,200 550,800 Flexible Budget Actual Results 19,000 $1,482,000 223,820 327,750 283,100 109,250 943,920 538,080

Number of visits Patient Revenue Variable Costs Supplies Salary Expense Marketing Exp. Other Expenses Total Variable Costs Contribution Margin Static Budget 18,000 $1,440,000 216,000 302,400 270,000 100,800 889,200 550,800 Flexible Budget Actual Results 19,000 $1,482,000 223,820 327,750 283,100 109,250 943,920 538,080

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Number of visits Patient Revenue Variable Costs Supplies Salary Expense Marketing Exp. Other Expenses Total Variable Costs Contribution Margin Melrose Hospital Static Budget 18,000 $1,440,000 216,000 302,400 270,000 100,800 889,200 550,800 Flexible Budget Actual Results 19,000 $1,482,000 223,820 327,750 283,100 109,250 943,920 538,080
Transcribed Image Text:Number of visits Patient Revenue Variable Costs Supplies Salary Expense Marketing Exp. Other Expenses Total Variable Costs Contribution Margin Melrose Hospital Static Budget 18,000 $1,440,000 216,000 302,400 270,000 100,800 889,200 550,800 Flexible Budget Actual Results 19,000 $1,482,000 223,820 327,750 283,100 109,250 943,920 538,080
Fixed Costs Rent Other Total Fixed Costs Net Income a) 201,600 90,000 291,600 $ 259,200 210,000 85,000 295,000 $ 243,080 In the above table, construct a flexible budget for Melrose Hospital.
Transcribed Image Text:Fixed Costs Rent Other Total Fixed Costs Net Income a) 201,600 90,000 291,600 $ 259,200 210,000 85,000 295,000 $ 243,080 In the above table, construct a flexible budget for Melrose Hospital.
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b. Calculate the profit variance

c. Calculate the total revenue variance.      

d) Calculate the revenue volume variance.      

e) Calculate the revenue price variance.    

  f) Calculate the total cost variance. 

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