Your healthcare clinic is responsible for flu shots. Revenue Quantity/Volume Price per Flu Shot Price Quantity/Volume Budget Total Variance 400,000 Price Varance Formula (Actual P - Budget P) x Actual V = $ Quantity/Volume Variance Formula (Actual Q/V-Budget Q/V) x Budget P = $$ 8,000 $50 Actual 354,750 8.250 $43 Variance (45,250) U 250 $7 Problem: How much of the Total Variance is due to Price and how much is due to Quantity/Volume? Was Price or Quantity/Volume controllable?

Your healthcare clinic is responsible for flu shots. Revenue Quantity/Volume Price per Flu Shot Price Quantity/Volume Budget Total Variance 400,000 Price Varance Formula (Actual P - Budget P) x Actual V = $ Quantity/Volume Variance Formula (Actual Q/V-Budget Q/V) x Budget P = $$ 8,000 $50 Actual 354,750 8.250 $43 Variance (45,250) U 250 $7 Problem: How much of the Total Variance is due to Price and how much is due to Quantity/Volume? Was Price or Quantity/Volume controllable?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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