Flexible Budget Performance Part 2 Flexible Budget Activity Variances Planni ng B et udg Customers served (q) 36,000 33,000 Revenue ($4.80q) $172,800 $14,400 F $158,4 Total expense 160,900 8,700 U 152,20 0 Net operating income $11,900 $5,700 F $6,200 Instructions Writea2–3pagereportinwhichyou: 1. Explain the budgeted income statement. 2. Outline how you would create annual budgeted financial statements. 3. Analyze the difference between a static budget and a flexible budget, including the impo...

NR 630 BUDGETING AND COST MANAGEMENT

NR 630 BUDGETING AND COST MANAGEMENT

NR 630 BUDGETING AND COST MANAGEMENT Discuss with the nurse executive/mentor in your practicum setting how various costs are managed. Describe the extent to which cost-benefit analysis is used as a financial strategy to address the relative costs and benefits associated with a project or task. How are costs compared in terms of economic and financial impact? Types of Cost Analysis Cost-benefit analysis—The outcome or benefits of a program are measured in terms of dollars. Cost ...

NR 630 Budgeting and Cost Management Discuss with the nurse executive/mentor in your practicum setting how various costs are …… Describe the extent to which cost-benefit analysis is ….as a financial strategy to address the relative costs and benefits associate with a project or task. How are costs compare in terms of economic and financial impact?

NR 630 Budgeting and Cost Management Discuss with the nurse executive/mentor in your practicum setting how various costs are …… Describe the extent to which cost-benefit analysis is ….as a financial strategy to address the relative costs and benefits associate with a project or task. How are costs compare in terms of economic and financial impact?