finance and economics in health care

finance and economics in health care finance and economics in health care http://mym.cdn.laureate-media.com/2dett4d/Walden/NURS/6211/08/mm/variance_analysis/flash/index.html see attached Note: For those Assignments in this course that require you to perform calculations you must: Use the Excel spreadsheet template for the Week 8 assignment Show all your calculations and formulas in the spreadsheet. Answer any questions included with the problems (as text in the Excel spreadsheet). SALARY VARIANCE SCENARIO For this Assignment run a variance analysis. Based on the information you obtain: assess the results of the analysis, suggest potential causes of the budget variances and an explanation for addressing the situation. Using the following performance data calculate the volume adjusted labor rate variance and volume adjusted efficiency variance. Your Variable Expense Factor is 40% and your Volume Change Factor is 50%. ORDER NOW FOR CUSTOMIZED AND ORIGINAL ESSAY PAPERS usw1_nurs_6211_week_8_applic Name: Assignment: A good budget is built with thoughtful consideration of future costs and revenue. Though your budget is formulated w figures in mind, the actual resulting values may vary considerably. This variance–from projected to actual–can be a pl or a fiscal nightmare and can make financial decision making difficult. Fortunately, variance analysis can enable mana determine why variance occurred and what can be done to mitigate its effects. Using the following performance data, calculate the volume adjusted labor rate variance and volume adjusted efficien Your Variable Expense Factor is 40% and your Volume Change Factor is 50% Salaries Payroll Hours Service Volume Actual 345.000 11.000 75.000 Budget 413.000 9.500 150.000 Actual Budget Salaries Payroll Hours Service Volume 345.000 11.000 75.000 Actual Volume Budget Volume Variable Expense Factor Volume Change Factor Volume Adjustment Factor 75.000 150.000 40% -50% -20% Description Salaries Volume Adjustment Volume Adjusted Salaries Actual 413.000 9.500 150.000 Variance (Unfavorable Budget ) 345.000 413.000 68.000 Paid Hours Volume Adjustment Volume Adjusted Hours Labor Rate Labor Rate Variance Efficiency Variance Total Variance $0,00 $0,00 $0 For this Assignment, run a variance analysis. Based on the information you obtain,assess the results of the analysis, potential causes of the budget variances and an explanation for addressing the situation. Answer: Answer: evenue. Though your budget is formulated with expected ariance–from projected to actual–can be a pleasant surprise tunately, variance analysis can enable management to ects. r rate variance and volume adjusted efficiency variance. 0% . ou obtain,assess the results of the analysis, suggest ng the situation. …finance and economics in health care Get a 10 % discount on an order above $ 100 Use the following coupon code : NURSING10