Calculate volume and cost variances for pediatric nursing

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Reference no: EM133380122

Question: Using the following table, calculate the volume and cost variances for the pediatric nursing unit at Codman Medical Center. Is the overage due primarily to volume or cost increases? Salaries account for $6,200 of the total variance of $9,100. Explain why salaries and benefits cost $6,200 more than budgeted.

Expense	YTD Actual	YTD Budget	Volume	Cost	Vol + Cost
Salaries/Wages	175,200	169,000	?	?	?
Fringe Benefits	69,200	68,000	?	?	?
Supplies	126,000	124,000	?	?	?
Depreciation	25,000	24,000	?	?	?
Interest	8,400	9.000	?	?	?
Other	109,300	110,000	?	?	?

Total Expense	513,100	504,000	?	?	?
Patient Days	47.700	47,200

Reference no: EM133380122

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