Is Nurse Nugyet over or under budget on each of the items? What additional information would be helpful when explaining variances?

Assignment File(s)

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?