Expert Homework Help Online & Write My Essay Service

Hire best homework helpers for online homework help 24/7. Are you looking for online homework help? Try our excellent homework help who can help you get A+ grade in your assignment.

Order my paper
Calculate your essay price
(550 words)

Approximate price: $22

19 k happy customers
9.5 out of 10 satisfaction rate
527 writers active

Week 8 Assignment NURS 6211: FINANCE AND ECONOMICS IN HEALTH CARE DELIVERY

Week 8 Assignment NURS 6211: FINANCE AND ECONOMICS IN HEALTH CARE DELIVERY Week 8 Assignment NURS 6211: FINANCE AND ECONOMICS IN HEALTH CARE DELIVERYAssignment: Using Variance Analysis in Decision MakingHaving a budget is critical for the financial stability of an organization. Keeping track of how well the organization is actually adhering to the budget, and subsequent identification of why the budget numbers are being missed is equally important. Without this critical “why” piece, it is difficult to make the necessary adjustments to the budget or to organizational behavior that might be promoting overspending.A good budget is built with thoughtful consideration of future costs and revenue. Though your budget is formulated with expected figures in mind, the actual resulting values may vary considerably. This variance–from projected to actual–can be a pleasant surprise or a fiscal nightmare and can make financial decision making difficult. Fortunately, variance analysis can enable management to determine why variance occurred and what can be done to mitigate its effects.Week 8 Assignment NURS 6211: FINANCE AND ECONOMICS IN HEALTH CARE DELIVERYFor those not comfortable with the use of Microsoft Excel, this week’s Optional Resources suggest several tutorials.ORDER A PLAGIARISM-FREE PAPER HERETo prepare:Review the information in this week’s Learning Resources dealing with variance analysis, how it is calculated, and how it can be used in decision making.View the video  Week 8 Application Assignment Tutorial: Variance Analysis, provided in this week’s Learning Resources.Use the Week 8 Application Assignment Template, provided in this week’s Learning Resources, to complete this assignment.   Carefully examine the information in each of the scenarios and provide the necessary calculations.  Using this information will help you answer the questions.By Day 7Note: For those Assignments in this course that require you to perform calculations you must:Use the Excel spreadsheet template for the Week 8 assignmentShow all your calculations and formulas in the spreadsheet.Answer any questions included with the problems (as text in the Excel spreadsheet).A title and reference page are NOT needed in this assignment. Put your name and assignment at the top of the Excel spreadsheet.Use the Week 8 Application Assignment Template for the Week 8 assignmentSalary Variance ScenarioFor 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%.Note: Submit the Excel spreadsheet containing your Salary Variance Scenario calculations to the Assignment submission link.Week 8 Assignment NURS 6211: FINANCE AND ECONOMICS IN HEALTH CARE DELIVERYVariance AnalysisName:Assignment:A good budget is built with thoughtful consideration of future costs and revenue. Though your budget is formulated with expected figures in mind, the actual resulting values may vary considerably. This variance–from projected to actual–can be a pleasant surprise or a fiscal nightmare and can make financial decision making difficult. Fortunately, variance analysis can enable management to 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 efficiency variance. Your Variable Expense Factor is 40% and your Volume Change Factor is 50%ActualBudgetSalaries345,000413,000Payroll Hours11,0009,500Service Volume75,000150,000ActualBudget.Salaries345,000413,000Payroll Hours11,0009,500Service Volume75,000150,000Actual Volume75,000Budget Volume150,000Variable Expense Factor40%Volume Change Factor-50%Volume Adjustment Factor-20%DescriptionActualBudgetVariance (Unfavorable)Salaries345,000413,00068,000Volume AdjustmentVolume Adjusted SalariesPaid HoursVolume AdjustmentVolume Adjusted HoursLabor RateLabor Rate Variance$0.00Efficiency Variance$0.00Total Variance00Total Variance$0ForFor 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.Answer:Sheet2Sheet3Week 8 Assignment NURS 6211: FINANCE AND ECONOMICS IN HEALTH CARE DELIVERY

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: