budget and actual costs were as follows: (Click the icon to view the budget and actual costs.) Read the requirements. Requirement 1. Calculate the price and quantity variances for nursing costs. Begin by calculating the price variance. First enter the formula, then compute the variance. Be sure to la Requirements 1. Calculate price and quantity variances for nursing costs. 2. Calculate spending and efficiency variances for supplies and other variable overhead. 3. The hospital's chief administrator has asked Dr. Reiss to explain the variances. Provide possible explanations