the coding section in the HIM department shows its first-quarter budget analysis as having an expected cost of operation of $62,000. However, the actual cost of operation was $76,000. calculate the budget variance.

Answer 1

100(14,000 / 62,000) = ______%

Answer 2

The coding section in the HIM department shows its first-quarter budget analysis as having an expected cost of operation of $62,000. However, the actual cost of operation was $76,000.
What is the budget variance?