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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