The hospital CFO was reviewing the December 2016 monthly operations report for the Emergency Department and noticed that total labor expense compared to budgeted seemed low and revenues didn't look right either compared to budget and prior year month (December 2015).

Gross Revenues: December 2015 Actual = $5,281,120; December 2016 Actual = $4,915,900; December 2016 Budget = $4,875,200

Total Labor Expenses: December 2015 Actual = $178,605; December 2016 Actual = $183,970; December 2016 Budget = $190,215.

What is the variance percentage comparing December 2016 actual revenues to December 2015 actual revenues(round to 1 decimal)?

What is the variance percentage comparing December 2016 actual labor expense to December 2016 budgeted labor expense?

What is the percentage variance comparing December 2016 actual labor expense to December 2015 actual labor expense (round to 1 decimal)?

with steps