calculate and analyze budget variance
The following table shows a portion of a health information management (HIM) department’s supplies and materials from the previous year.
Prior-year Expenditures
Budget vs. ActualItem Budget Amount Amount Spent Supplies $1,200 $1,000 Don't use plagiarized sources. Get Your Custom Essay onNeed an answer from similar question? You have just landed to the most confidential, trustful essay writing service to order the paper from.Just from $11/Page
Travel $2,000 $2,500 Conference Fees $1,000 $1,200 Membership Dues $750 $600 Subscriptions $350 $325 Equipment $5,000 $3,000
Calculate and analyze the variance for the budgeted amount and the actual amount spent. Along with each variance calculation, prepare a brief justification of why there may be a variance.
