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Exam RHIA topic 1 question 1525 discussion

Actual exam question from AHIMA's RHIA
Question #: 1525
Topic #: 1
[All RHIA Questions]

If the budgeted payroll expense was $24,300 and the actual payroll expense was $25,800, what the percentage of cost variance?

  • A. 6.0%
  • B. 0.58%
  • C. 6.17%
  • D. 6.7%
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Suggested Answer: C 🗳️
by Nick at Jan. 13, 2021, 8:47 p.m.

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Nick
3 years, 10 months ago
C 25,800 - 24,300 = 1,500; 1,500/24,300 = 0.0617 × 100 = 6.17% Answer = 6.17%
upvoted 1 times
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