1. Given the following monthly expense report for EKGs calculate price, efficiency, intensity, and quantity variances for each object code. Second write an explanation for why expenses differ from budget, one paragraph per expense line and create a table similar to table 11.4. Discuss how much of these variances the manager may be responsible for Qbi.Code Expenses SDiff 90 Diff Actual Budget $77,619 $11,452 3.49% -$423-3.56% $3,339 104.34% :$116-8.8796 5.93% $75,000 $2,619 $11,875 Staff Salaries 4020 4212 4350Biomedical Repair/Maint 4410 Electricity Medical Supplies $6,539 $96,797 Actual Budget $3,200 $1,303 Total $91,378 $5,420 ff % Diff Statistic Admissions (output) Billed EKGs (activity) Input Units Staff Salaries (hours paid) Medical Supplies (electrodes) Biomedical Repair/Maint. (service hours) Electricity (kilowatt hours) 1,000 1,250 -25-2.50% -0.24% 975 1,247 1,186 2,580 150 13,897 1,250 2,500 100 12,399 -64 80 50 1,498 -5.12% 3.2090 50.00% 12.08%