Question
The hospital CFO was reviewing the following payroll data for March 2021 in the cardiology department: AHR (average hourly rate) = $34.00 (actual) vs AHR
The hospital CFO was reviewing the following payroll data for March 2021 in the cardiology department:
AHR (average hourly rate) = $34.00 (actual) vs AHR (average hour rate) = $32.00 (budget)
Hours worked in March 2021 = 2,000 (actual) vs Hours worked in March 2021 = 2,150 (budget)
What is the favorable quantity/volume variance (in dollars) for the month of March 2021?
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