The following table shows a portion of a health information management (HIM) department’s supplies and materials from the previous year.

Prior-year ExpendituresBudget vs. Actual

Item
Budget Amount
Amount Spent

Supplies
$1,200
$1,000
 

Travel
$2,000
$2,500

Conference Fees
$1,000
$1,200

Membership Dues
$750
$600

Subscriptions
$350
$325

Equipment
$5,000
$3,000

Calculate and analyze the variance for the budgeted amount and the actual amount spent. Along with each variance calculation, prepare a brief justification of why there may be a variance.

 
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