Answer the following questions in a Word or Excel file and submit to Canvas. Show all work
Answer the following questions in a Word or Excel file and submit to Canvas. Show all work.
- Management has studied work patterns in the housekeeping department and estimates the number of hours to be worked as follows. Hours worked = (1,500 per month) + (0.50 X RVUs).For the coming month, management expects relative value units (RVU) to be 5,800. What should budgeted labor for the month be?
- Last year, the price for thermometer covers in a pediatrician’s office was $0.05 each. This year, the covers cost $0.06 each. If the office purchased 10,000 thermometer covers this year, what is the price variance?
Please keep in mind that #2 requires for you to identify whether the answer is favorable or unfavorable; be sure to include that in your submitted response. As you are aware, the authors made a distinction in the book with examples.