exogenous events and variances Retum to the setting of Ralph' s Job aboveo Suppose all of Ralph'

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exogenous events and variances Retum to the setting of Ralph' s Job aboveo Suppose all of Ralph' s employees are covered by a health plan. The health services are provided by a local provider, and cost Ralph 3,500 per employee covered per year. Where are these emp~oyee benefit eosts likely to be reeorded in the accounting system? Continuing, suppose in the middle of the year the provider raises the priee to 3,900 per employee. Where and how will this show up in the standard eost varianees?

Now suppose one of Ralph's employees has just won the state lottery. This eauses eonsiderable excitement and even results in an impromptu eelebration (of whieh Ralph approves). Where and how will this show up in the standard eost varianees?

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