Question

In: Accounting

Assume you are the chief administrator of a large healthcare facility and are comparing the actual...

Assume you are the chief administrator of a large healthcare facility and are comparing the actual cost to the budgeted cost. Prepare a Comparative Analysis of Actual to Budget and write a brief paragraph on how you believe this unit performed during the year.

****(there is no information missing, this is all that was given)*****

2019

Actual

2018

Budget

Difference

Dollars

%

Dollars

%

Dollars

%

Maintenance Expense

$11,000,000.00

?

$13,000,000.00

?

?

?

Dietary Expense

$5,200,000.00

?

$7,650,000.00

?

?

?

General Services

$10,000,000.00

?

$4,570,000.00

?

?

?

Supply Expense

$3,000,000.00

?

$2,650,000.00

?

?

?

Total

?

?

?

?

?

Solutions

Expert Solution

2019 actual

2018 budget

Difference

expense

dollar

%

dollar

%

dollar

%

maintenance expense

1,10,00,000

37.67

1,30,00,000

46.65

20,00,000

8.97

Dietary expense

52,00,000

17.81

76,50,000

27.45

24,50,000

9.64

general service

1,00,00,000

34.25

45,70,000

16.40

-54,30,000

-17.85

supply expense

30,00,000

10.27

26,50,000

9.51

-3,50,000

-0.77

total

2,92,00,000

100

2,78,70,000

100

-13,30,000

Maintenance expense and dietary expense are less than the budgeted expense while general service and supply expense increase as compare to budgeted expense. Overall actual expense is increased then total budgeted expense

                                                                                                                                      


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