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Question 1: As the nurse manager of the new 15-bed observation unit you are responsible for reporting to your nursing director and the finance department any variances identified within your operating budget. Listed below is your monthly operating report. Please review and discuss the specific variances and how you will determine the causes of variances.
Actual Budget Variance
Volume 360 420
Supplies $8550 $7800
Nursing Labor $58450 $52,575
The year-end inventory showed $121,000 worth of merchandise available at retail prices. What is the cost of the ending inventory?
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