Problem:
The budget scenario consists of actual and budgeting figures. Assume that Eastside Urgent Care Clinic anticipated that it would provide 2,500 flu shots in 2010 to noninsured patients at $10 per shot. The revenue and expenses were budgeted for 2,700 shots in 2010 to noninsured patients. The budgeted expenses were $5,000.
Assume that the clinic provided on 2,455 flu shots to noninsured patients, or 98%. The actual expenses were $4,500.
Find out the following:
A. Static budget variance,
B. Revenue, Expenses,
C. Excess of expenses over revenue
Show your all work and computations.