8. Part of preparing a medical office budget is to regularly compare your practice’s actual finances with your budget. Assess the information in the table below:
a. Determine the variance for each month.
b. For each month, was the practice “Underbudget” or “Overbudget”?
Month Budget Actual Variance Underbudget or Overbudget
January 2,355,872 1,790,929 Type answer here
Type answer here
February 2,654,031 2,827,606 Type answer here
Type answer here
March 2,239,980 2,924,180 Type answer here
Type answer here
April 3,350,156 3,867,270 Type answer here
Type answer here
May 2,404,480 2,413,107 Type answer here
Type answer here
June 2,307,708 2,220,000 Type answer here
Type answer here
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