Price and Quantity/Volume Variance -Analyze the drivers of the variance - May pinpoint what you can control Your healthcare clinic is responsible for flu shots. Price Variance Formula (Actual P-Budget P) Actual V=$ Quantity/Volume Variance Formula (Actual Q/V-Budget Q/V) Budget P=$ Problem: If more flu shots were given than budgeted for, why was there less revenue? How much of the Total Variance is due to Price and how much is due to Quantity/Volume? Was Price or Quantity/Volume controllable