what is the percent of variance for each item listed in the him department budget shown in the table below? round to two decimal points.
To calculate the percent of variance for each item listed in the HIM (Health Information Management) department budget, you will need the actual and budgeted amounts for each item. However, without the table or specific numbers, I am unable to provide you with the exact percent of variance for each item.
Nevertheless, I can explain how to calculate the percent of variance for a specific item in a budget. The formula for calculating percent of variance is:
Percent of Variance = ((Actual Amount - Budgeted Amount) / Budgeted Amount) x 100
Here's a step-by-step guide on how to calculate the percent of variance for each item in the HIM department budget:
1. Obtain the actual amount and the budgeted amount for each item in the HIM department budget.
2. For each item, subtract the budgeted amount from the actual amount.
3. Divide the result by the budgeted amount.
4. Multiply the quotient by 100 to express the variance as a percentage.
Repeat these steps for each item in the budget, rounding the results to two decimal points. This will provide you with the percent of variance for each item.
Please share the specific numbers or provide the table for the HIM department budget so that I can assist you in calculating the percent of variance.