HCA 240 Assignment, Variance Analysis
Giving all the information discussed about the relationship between budgets, variance reports and their interpretations, and the actual results of performance a manger can now review the scenario presented that needs to be addressed. The process flow would be as follows. The year prior a budget is introduced and approved. Once the budget has been in effect for a month variance reporting is …. The manger then interprets data in the variance report to discover that there are some variances in salaries and supplies. Upon further review the manger determines that the predicted budget did not cover the cost of salaries. The Manager also discovered that the budget for supplies was over estimated. Upon further research it is …….that the salary issue is due…………….