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Variance Analysis

 

 

 

 

You are the manager of a variable hospital department, and you just received your monthly budget results that state that your salaries were higher and your supplies were lower than budgeted. Your vice president expects managers to wrte detailed variance reports that include all possibilities. Write a paper of 750-1,000 words that explains what factors you should consider when writing your variance report to your vice president. Include the relationships between variance reporting, interpreting variance report results, and actual results of performance.