Review the Budget Comparison Statement for the Food Service Department in a Long-Term Care Home. 1. For each cost center variance state if the variance has a positive or negative impact on the budget and suggest possible reasons for the variance 2. As a NM, what would your recommendations be if these variances were being used to forecast next years budgetary needs. Remember without valid reasons you cannot just increase a cost center. Think about things like: Who funds that cost center; where will additional monies come from? 3. Justify your recommendations. Description Total Budget YTD Budget YTD Actual Variance Wages 454,292 208,974 211,209 (2235) Benefits 124,930 57,468 60,806 (3,338) Development 5,000 2,500 - 2,500 Purchased Services 1,000 500 302 198 Supplies 22,000 11,000 11,232 (232) Raw Food 191,361 95,681 103,250 (7,569)

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.