CHECKLIST QUESTIONS AND ANSWERS FOR THE COMPARATIVE BUDGET REVIEW How are the “percent variance”…

CHECKLIST QUESTIONS AND ANSWERS FOR THE COMPARATIVE BUDGET
REVIEW

How are the “percent variance” figures calculated?

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A. Using Account #1010-020, Operating Room RN Nursing
Salaries, the variance of ($10,930) is divided by the budgeted amount of
$470,640, resulting in a +2.3% variance expressed as a percent. Likewise, for
Account #1010-040, Other Nursing Salaries, the variance of $11,453 is divided
by the budgeted amount of $56,937, resulting in a 220.1% variance expressed as
a percent.