Sue Nugyet, the nurse manager for Six North, does not enjoy reviewing budgetary information and puts off her review until her monthly report is due to her director. The following report is a partial revenue and expense for her cost center.
Cost Center: Six North Report for May 2005
|Actual||This Month’s Budget||Variance||Account Number and Description||Actual||Year to Date Budget||Variance|
|300,000||350,000||50,000||300 Revenue 005 Routine||3.5 million||3 million||(500,000)|
|75,000||70,000||(5000)||400 Salary 010 Salaries—Regular||750,000||700,000||(50,000)|
|5000||4500||(500)||500 Supply Expenses 015 Medical Supplies||40,000||35,000||(5000)|
Case Study Questions
Is Nugyet over or under budget on each of the items? What additional would be helpful when explaining variances?