Identify types of budget variances
Identify the following types of budget variances by indicating if they are temporary/ permanent and favorable/unfavorable.
1. $ 7,500.00 for outsourced coding services to address backlog
2. $ 12,500.00 as a result of Assistant Director laid off in November
3. $ 500 for new computer needed to replace one that quit and was not repairable
4. $ 4,000.00 1st quarter record destruction postponed a quarter due to staffing issues