Kirklin Clinic's static budget, flexible budget and actual expense information for 2020 is
listed below.
Kirklin Clinic
Assumptions:
Flexible Budget Actual Results
Static Budget
Blue Cross Visits
Highmark Visits
Total Visits
$
$ 25,000.00 $
75,000.00 $
30,000.00 $ 28,750.00
70,000.00 $ 86,250.00
$ 100,000.00 $ 100,000.00 $ 115,000.00
Revenues
Blue Cross
Highmark
Total
$1,125,000.00 $ 1,293,750.00 $ 1,150,000.00
$2,250,000.00 $ 2,587,500.00 $ 2,156,250.00
$ 3,375,000.00 $ 3,881,250.00 $ 3,306,250.00
Costs
Variable:
Profit
Labor
Supplies
Total Variable
Fixed Costs
Total Costs
$ 1,500,000.00 $ 1,725,000.00 $ 1,400,000.00
$
62,500.00 $ 71,875.00 $ 120,000.00
$ 1,562,500.00 $ 1,796,875.00 $ 1,520,000.00
$ 250,000.00 $ 250,000.00 $ 250,000.00
$ 1,812,500.00 $ 2,046,875.00 $ 1,770,000.00
$ 1,562,500.00 $ 1,834,375.00 $1,536,250.00
Based on this information, calculate revenue variance.
