Budget variances

Identify the following types of budget variances by indicating if they are temporary or permanent and favorable or unfavorable.

$7,500.00 for outsourced coding services to address backlog after a coder took an unexpected leave for six weeks

$12,500.00 as a result of assistant director laid off in November

$500 for new computer needed to replace one that quit and was not repairable

$4,000.00 1st quarter record destruction postponed a quarter due to staffing issues.

Sample Solution