The controller of Conrad Aiken Surgical Center was reviewing monthly financial reports and noted some differences.  The center had fallen 8 short of its plan to perform 450 procedures during the month.  Despite that shortfall, surgical revenue exceeded the $830,250 budget, coming in at $848,640. 1.  Construct the flexible budget estimate for revenue, procedures, and revenue per procedure.                       Budgeted    Flexible   Actual A. Revenue   830,250       848,640 B. Procedures          450                    442          C. Revenue per procedure    $1,845       $1,920   2.  Calculate the revenue volume variance.  3.  Calculate the revenue rate variance . 4.  Is the unfavorable variance caused by volume or by the rate?

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