Variance Analysis

You are the manager of a variable hospital department and you just received your monthly budget results that state your salaries were higher and your supplies were lower than budgeted. Write a paper (1,000-1,200 words) that explains what factors you should consider when writing your variance report to your vice president. Your vice president expects her managers to write detailed variance reports that include all possibilities.

Include the relationships between variance reporting, interpreting variance report results, and actual results of performance.