Review the Budget Comparison Statement for the Food Service Department in a Long Term Care Home....

 

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Review the Budget Comparison Statement for the Food Service Department in a Long Term Care Home. 1. For each cost center variance state if the variance has a positive or negative impact on the budget and suggest possible reasons for the variance. 2. As a NM, what would your recommendations be if these variances were being used to forecast next years budgetary needs. Remember without valid reasons you cannot just increase a cost center. Think about things like: Who funds that cost center; where will additional monies come from? 3. Justify your recommendations. 4. Comment on two other posts sharing your thoughts on their proposals. Description Total Budget YTD Budget YTD Actual Variance Wages Benefits Purchased Services Development 5,000 Supplies 454,292 Raw Food 124,930 1,000 22,000 191,361 208,974 211,209 57,468 2,500 500 11,000 95,681 60,806 302 (2235) (3,338) 2,500 198 11,232 (232) 103.250 (7,569) Review the Budget Comparison Statement for the Food Service Department in a Long Term Care Home. 1. For each cost center variance state if the variance has a positive or negative impact on the budget and suggest possible reasons for the variance. 2. As a NM, what would your recommendations be if these variances were being used to forecast next years budgetary needs. Remember without valid reasons you cannot just increase a cost center. Think about things like: Who funds that cost center; where will additional monies come from? 3. Justify your recommendations. 4. Comment on two other posts sharing your thoughts on their proposals. Description Total Budget YTD Budget YTD Actual Variance Wages Benefits Purchased Services Development 5,000 Supplies 454,292 Raw Food 124,930 1,000 22,000 191,361 208,974 211,209 57,468 2,500 500 11,000 95,681 60,806 302 (2235) (3,338) 2,500 198 11,232 (232) 103.250 (7,569)

Answer rating: 100% (QA)

ANSWER 1 Wages The variance has a negative impact on the budget and is most likely due to an increase in staff costs overtime hours or unplanned training costs Benefits The variance has a negative imp... View the full answer