Using the following data, create a table in Excel that uses Excel formulas to calculate the volume and cost variances for the data presented below.

Is the overage due primarily to volume or cost increases? Explain the rationale for your response.

Expenses $2022$ Actual $2022$ Budget

Salary and Wages $175,200169,000$

Fringe Benefits $69,20068,000$

Supplies $126,000124,000$

Depreciation $25,00024,000$

Interest $8,4009,000$

Other $109,300110,000$

Total Expenses $513,100504,000$

Patient Days $47,70047,200$