Volume variance-quantity-price and total variances

Reference no: EM1365253

A hospital manager budgeted $100,000 for monthly nursing expenses in the hospital's well-baby clinic. The manager expected that the clinic would treat $5000 babies and pay its nurses $40 per hour. Instead, the clinic treated 6000 babies and used 3200 hours of nursing time at $37.50 an hour. Calculate the total, quantity, price, and volume variances for nursing expenses during the month. Briefly explain your answer.

Reference no: EM1365253

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