Your organizations HIM department is growing and needs to hire two new coders. The budget salaries for this department is $471,400 dollars. Coders for this position are paid an hourly rate of $22 for an annual salary of $45,760.

1. How would hiring 2 new coders affect the budget?

2. Determine your budget variance and what type it is (favorable, unfavorable, temporary, or permanent)

3. Provide a brief explanation that you can give to administration regarding the variance.

4. Explain how you went about solving this calculation? Describe rational/premise for your calculation.

Deliverable in a 2 page paper. Provide calculations to budget variance and response to the prompts above.