Determine your budget variance and what type it is. Provide a short explanation that can be given to administration regarding the variance.
Rio Grande Medical Center is needing to expand their HIM department. In order to move forward with the renovation and gain the needed square footage, all old records in storage will need to be archived. After researching the archival process, it is determined the archiving will be done via microfilm with a budget of $300,000 over a two-year period.
You have contracted with a company to perform the microfilm services at $0.07 per page and have estimated that there are about 4.5 million pages to be converted. At the end of the first year, you review the invoice and see that you have been billed for converting 2,083,333 pages.
Determine your
Provide a short explanation that can be given to administration regarding the variance.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
