# variance analysis, case study 5 help

Jul 24th, 2016
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Question description

(Top Tutor) Daniel C.
(997)
School: Carnegie Mellon University

Variance
analysis assignment

Name

Course

Institution

Lecturer
A budget variance arises in the funds
due to discrepancies between the actual and predicted cost and revenues in
specified accounts. The budget variances may probably vary because of a
shortfall in revenue due to errors that may come by when estimating the
expenditures. Also, it caused by spontaneous and unexpected spikes in operation
cost, which are unavoidable.

Question 1

Hospital
original profit forecast FY11

Projected
IP revenue for FY11 \$ 50155710

Projected
expenditure for F11 \$ 48069860

Projected
profit for FY11= Projected revenue – projected expenditures= \$ 2085850

Revised
projection

Actual
IP revenue = \$24220949

Actual
IP expenditure= \$25256062

Actual
profit = \$ - 1035113

Question
2

Service

STANDARD
FY11 BUDGET(\$)

ACTUAL
FY11 BUDGET (\$)

OVERBUDGET
(\$)

CIRC

4202356

2472822

1729534

DIGEST

6737188

4356173

2381015

ENT

754842

462822

292020

GYN

1268947

777322

491625

MENTAL
HEALTH

714283

400730

313553

NERVOUS

1324119

675173

648946

NEWBORN

4256926

2971020

1285906

OB

8717115

5472892

...

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