Volume Variance, Quantity, Price and Total Variances
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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.
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Solution Summary
This solution contains step-by-step calculations to determine the total, quantity, price, and volume variances for nursing expenses during the month.
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DEAR STUDENT,
ANSWER
The quantity variance for the nursing expenses is unfavorable as the actual number of hours ...
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