The following information has been prepared for a home health agency Budget Actual Wage Rate...
80.2K
Verified Solution
Link Copied!
Question
Finance
The following information has been prepared for a home health agency Budget Actual Wage Rate per Hour $16.00 $17.00 Fixed Hours 320 320 Variable Hours per Relative Value Unit (RVU) 1.0 11 Relative Value Units (RVUS) 1.000 1.200 Total Labor Hours 1.320 1.640 Labor Costs $21.120 $27.880 Cost per RVU $21.12 $23.23 Budgeted costs at actual volume would be $25,344 (S21.12 1.200), and the total variance to be explained is $2,536 Unfavorable (S27.880 - $25,344). Be sure to specify whether the variance is favorable (F) or unfavorable (U). What is the amount of variance that is attributed to the difference between the budgeted and actual wage rate per hour? Hint: This is a price variance
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.