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. Obi.Code Expenses %Diff Actual $77,619 $11,452$11,875 $Diff $2,619 Budget 4020 Staff Salaries 4212 4350 Biomedical Repair/Maint 4410 Electricity 3.49% -$423-3.5690 $3,200 $3,339 104.34% $1.303-$116-8.87% $91,378 $5,420 5.93% $75,000 Medical Supplie $6,539 $1,187 $96,797 Total %Diff Statistics Admissions (output) Billed EKGs (activity) Input Units Staff Salaries (hours paid) Medical Supplies (electrodes) Biomedical Repair/Maint. (service hours) Electricity (kilowatt hours) Actual Budget $Diff 975 1,247 1,000 1,250 25 3 2.50% 0.24% 1,186 2,580 150 13,897 1,250 2,500 100 12,399 -64-5.12% 3.20% 50 50.00% 1,498 12.08% 80 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. Obi.Code Expenses %Diff Actual $77,619 $11,452$11,875 $Diff $2,619 Budget 4020 Staff Salaries 4212 4350 Biomedical Repair/Maint 4410 Electricity 3.49% -$423-3.5690 $3,200 $3,339 104.34% $1.303-$116-8.87% $91,378 $5,420 5.93% $75,000 Medical Supplie $6,539 $1,187 $96,797 Total %Diff Statistics Admissions (output) Billed EKGs (activity) Input Units Staff Salaries (hours paid) Medical Supplies (electrodes) Biomedical Repair/Maint. (service hours) Electricity (kilowatt hours) Actual Budget $Diff 975 1,247 1,000 1,250 25 3 2.50% 0.24% 1,186 2,580 150 13,897 1,250 2,500 100 12,399 -64-5.12% 3.20% 50 50.00% 1,498 12.08% 80