Using the information below, prepare a flexible budget report for Blodgett Hospi

Question

Using the information below, prepare a flexible budget report for Blodgett Hospital. Budgeted number of patient visits 7,700 Budgeted variable overhead costs: Supplies (@ $4.60 per patient visit) $35,420 Laundry (@ $7.20 per patient visit) 55,440 Total variable overhead cost $90,860 Budgeted fixed overhead costs: Salaries $46,200 Occupancy costs 67,760 Total fixed overhead cost $113,960 Total budgeted overhead cost $     204,820 Actual results for the month were: Actual number of patient visits 7800 Supplies $38,250 Laundry $61,240 Salaries $46,190 Occupancy costs $65,650 Blodgett Hospital Performance Report For the Month Ended June 30 Formula Planning Budget (Given) Activity Variances U (Unfav) or F (Fav) Flexible Budget Spending Variances U (Unfav) or F (Fav) Actual Results (Given) Patient Visits n/a 7700 Supplies -100 Laundry Salaries Occupancy costs Total Using the information below, prepare a flexible budget report for Blodgett Hospital. Budgeted number of patient visits 7,700 Budgeted variable overhead costs: Supplies (@ $4.60 per patient visit) $35,420 Laundry (@ $7.20 per patient visit) 55,440 Total variable overhead cost $90,860 Budgeted fixed overhead costs: Salaries $46,200 Occupancy costs 67,760 Total fixed overhead cost $113,960 Total budgeted overhead cost $     204,820 Actual results for the month were: Actual number of patient visits 7800 Supplies $38,250 Laundry $61,240 Salaries $46,190 Occupancy costs $65,650

Explanation / Answer

Performance Report For the Month Ended June 30 Formula Planning Budget (Given) Activity Variances U (Unfav) or F (Fav) Flexible Budget Spending Variances U (Unfav) or F (Fav) Actual Results (Given) Patient Visits n/a 7700 100 7800 0 N 7800 Supplies ($4.6*Patient visit) 35420 460 U 35880 2370 U 38250 Laundry ($7.2*Patient visit) 55440 720 U 56160 5080 U 61240 Salaries 46200 46200 0 None 46200 10 F 46190 Occupancy costs 67760 67760 0 None 67760 2110 F 65650 Total 204820 1180 U 206000 5330 U 211330 If any doubt please comment

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