Posted by **RDee-is this correct?** on Tuesday, May 13, 2014 at 11:58am.

Orginal Budget Budgeted Volume Budgeted Quantity Budgeted Price

1,000 40.00 $40,000.00 F

Flexible Budget Actual Value Budgeted Quantity Budgeted Price

1,200 41.67 $50,000.00 UF

Orginal Budget/Flexible Budget Budgeted Volume Budgeted Quantity Budgeted Price

1,000 $40.00 $40,000

Actual Value Budgeted Quantity Budgeted Price

1,200 $41.67 $50,004 UF

Problem:Project Budget was for 1,000 hours of part-time nurses services at $40.00 per hour, for

a total cost of $40,000. It was expected that these nurses' woruld treat 2,000 patients. After

the flu season was over, it turned out that the total spent on part-time nurses' was $50,000.

The nurses' worked 1,200 hours and 2,600 patients were treated. Calculate the varriances.

Was the overall result favorable or unfavorable?

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