Examine the budgeted and actual revenues and expenses for a hospital. Reflect on concepts of budgeting and variance.
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# Review the Week 9 Assignment document provided to you by the Instructor.

Examine the budgeted and actual revenues and expenses for a hospital. Reflect on concepts of budgeting and variance. Refer to Chapter 10 and Chapter 11 of Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts and Applications in this week’s Learning Resources for additional guidance.
Note: This Assignment will be graded using this rubric: Document: Week 9 Assignment Rubric (Word document)
The Assignment:
Using the “Week 9 Assignment Budget and Variance Excel Template” address the following:

-Determine the total variance between the planned and actual budgets forSurgical Volume. Is the variance favorable or unfavorable?
-Determine the total variance between the planned and actual budgets forPatient Days. Is the variance favorable or unfavorable?
-Determine the service-related variance forSurgical Volume.
-Determine the service-related variance forPatient Days.
-Prepare a flexible budget estimate. Present a side-by-side budget, flexible budget estimate, and the actualSurgical Revenues.
-Prepare a flexible budget estimate. Present a side-by-side budget, flexible budget estimate, and the actualPatient Expenses.
-Determine what variances are due to change in volume and what variances are due to change in rates.Your Assignment is due

Here is the explanation for...

Revenues
[A]
[B]
[C]
[D] Givens:
Surgical volume
Surgery revenues
Parking revenues Budgeted
2,300
\$18,000
\$589,500
\$17,000 Actual
2,600
\$19,000
\$852,750
\$19,000 1. Determine the...

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