The following are budgeted and actual results for Cutting Edge Surgery Center: S

Question

The following are budgeted and actual results for Cutting Edge Surgery Center:

Surgical Volume: Budgeted 1,530, Actual Volume 1,152

Calculate the absolute (in volume units or dollars) variance relative to surgical volume.

-378 (unfavorable)

1,530 (Favorable)

378 (favorable)

-1,152 (Unfavorable)

The following are budgeted and actual results for Cutting Edge Surgery Center:

Surgical Volume: Budgeted 1,530, Actual Volume 1,152

Surgery Revenues: Budgeted $545,250, Actual Revenue $449,445

Calculate the percent variance relative to surgical volume.

-24.71% (Unfavorable)

24.71% (Favorable)

26% (Favorable)

-22% (Unfavorable)

The following are budgeted and actual results for Cutting Edge Surgery Center:

Surgery Revenues: Budgeted $545,250, Actual Revenue $449,445

Calculate the absolute (in dollars) variance relative to surgical revenues.

-$95,805 (Unfavorable)

$95,805 (Favorable)

-$449,445 (Unfavorable)

$545,250 (Favorable)

The following are budgeted and actual results for Cutting Edge Surgery Center:

Surgery Revenues: Budgeted $545,250, Actual Revenue $449,445

Calculate the percent variance relative to surgical revenue.

-17.57% (Unfavorable)

17.57% (Favorable)

16.52% (Favorable)

-16.52% (Unfavorable)

-378 (unfavorable)

1,530 (Favorable)

378 (favorable)

-1,152 (Unfavorable)

Explanation / Answer

1) Variance = budgeted volume - actual volume

Variance = 1530 - 1152

Variance = - 378 ( Unfavourable)

2) -378X1530/100 = -24.71 ( Unfavourable)

3) Budgeted revenue - actual revenue

$545,250 - $449,445 = -$95,805 (Unfavorable

4) -95805X100/545250 = -17.57 (Unfavourable)

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