Question: Case Study #3 Suppose that the nurse manager has the following information on the monthly variance report: Nursing Labor: Actual Budgeted Variance $57,560 $53,320 $4240

Case Study #3

Suppose that the nurse manager has the following information on the monthly variance report:

Nursing Labor:

Actual

Budgeted

Variance

$57,560

$53,320

$4240

Questions

1. What components of revenue and expenses went into developing the budgeted amount for nursing labor?

2. What should the nurse manager consider to justify the variance between what was predicted in the budget and what actually happened?

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