HCA270 WK 7 CheckPoint Revenue Variance Analysis
HCA270 WK 7 CheckPoint Revenue Variance Analysis fin571
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This 0 page Study Guide was uploaded by an elite notetaker on Tuesday November 10, 2015. The Study Guide belongs to fin571 at Kaplan University taught by in Fall 2015. Since its upload, it has received 26 views.
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Date Created: 11/10/15
Total revenue variance actual revenue standard revenue Total revenue variance 568596 Total revenue variance 28 The variance is negative 28 Positive values are desirable because it is the organization s best interest to have higher prices and larger quantities of services purchased than anticipated It brings pleasant surprises The possible causes for this variance is not having the patient load they anticipated maybe it was just not a very cold winter not a lot of sickness It could have not made as many investments as it planned Maybe the gift shop didn t do so well or not as many people ate from the cafeteria as they would have liked It could have been a number of things For the 2006 budget I would lower the budget from the total operating revenue based on this year s analysis We will budget a smaller patient load less investments etc so hopefully we can either break even or have a positive amount in the next year
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