WK5AC

 

Budgetary Variance Model

Prior to completing this assignment, review Assignment 9 in Chapter 17 of your course text. Prepare an evaluation of the performance of the Radiology Department Manager for a hospital.

The service unit, or output, for this department is the number of procedures performed. A static budget was prepared at the beginning of the year. Examine that budget in relation to actual experience. The relevant data are included in Table 17-18 in your course text. The department manager is pleased because the department has a favorable $120,000 cost variance. Evaluate the effectiveness claims of the manager using the budgetary variance mode described in Chapter 17. What is your analysis of the department manager’s performance? Explain your reasoning.

Your paper must include an introduction, thesis, and conclusion. Your paper must be four to five double-spaced pages in length (excluding title and reference pages) and formatted according to APA style as outlined in the Ashford Writing Center.  Utilize three scholarly and/or peer-reviewed sources (excluding the course text) that were published within the last five years. Cite your sources within the text of your paper and provide complete references for each source used on the reference page.

Carefully review the Grading Rubric (Links to an external site.)Links to an external site. for the criteria that will be used to evaluate your assignment.

 

Required Resources

Required Text

  1. Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Essentials of health care finance (7th ed). Sudbury, MA: Jones & Bartlett Learning.
    • Chapter 14: Cost Concepts and Decision Making
      • This chapter discusses ways to classify cost and the four major categories of cost.  Five general types of cost behavior, three methods of cost allocation along with break even calculation are also examined.
    • Chapter 15: Product Costing
      • This chapter discusses the existing needs for cost information in healthcare firms and ho cost information relates to three key activities of management.  Three main phases of costing process and the two systems necessary to accurately cost healthcare encounters of care are also examined.
    • Chapter 17: Cost Variance Analysis
      • This chapter focuses on cost control concepts including two major theories used for cost control. Cost variance analysis and how that is used by management are examined.

LearnScape Simulation

  1. Jones & Bartlet Learning. Healthcare Finance LearnScape [Access Code]. Sudbury, MA: Jones & Bartlett Learning.

Recommended Resources

Article

  1. Milliken, A. (2010).  Use of volume variance– variance demand analysis in planning strategy formulation.  The Journal of Business Forecasting, 29(1), 4.  Retrieved from the ProQuest database.

Textbook PowerPoint Presentation

  1. Chapter 14 Cost Concepts and Decision MakingPreview the document
  2. Chapter 15 Product CostingPreview the document
  3. Chapter 17 Cost Variance AnalysisPreview the document
  4. HFMA PowerPoint Presentation Internal ControlsPreview the document

Just in case you need an assignment done, hire us. Using our writing services will make your life easier because we deliver exceptional results. Use us to get an A!

We are the Best!

course-preview

275 words per page

You essay will be 275 words per page. Tell your writer how many words you need, or the pages.


12 pt Times New Roman

Unless otherwise stated, we use 12pt Arial/Times New Roman as the font for your paper.


Double line spacing

Your essay will have double spaced text. View our sample essays.


Any citation style

APA, MLA, Chicago/Turabian, Harvard, our writers are experts at formatting.


We Accept

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WK5AC

 

Budgetary Variance Model

Prior to completing this assignment, review Assignment 9 in Chapter 17 of your course text. Prepare an evaluation of the performance of the Radiology Department Manager for a hospital.

The service unit, or output, for this department is the number of procedures performed. A static budget was prepared at the beginning of the year. Examine that budget in relation to actual experience. The relevant data are included in Table 17-18 in your course text. The department manager is pleased because the department has a favorable $120,000 cost variance. Evaluate the effectiveness claims of the manager using the budgetary variance mode described in Chapter 17. What is your analysis of the department manager’s performance? Explain your reasoning.

Your paper must include an introduction, thesis, and conclusion. Your paper must be four to five double-spaced pages in length (excluding title and reference pages) and formatted according to APA style as outlined in the Ashford Writing Center.  Utilize three scholarly and/or peer-reviewed sources (excluding the course text) that were published within the last five years. Cite your sources within the text of your paper and provide complete references for each source used on the reference page.

Carefully review the Grading Rubric (Links to an external site.)Links to an external site. for the criteria that will be used to evaluate your assignment.

 

Required Resources

Required Text

  1. Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Essentials of health care finance (7th ed). Sudbury, MA: Jones & Bartlett Learning.
    • Chapter 14: Cost Concepts and Decision Making
      • This chapter discusses ways to classify cost and the four major categories of cost.  Five general types of cost behavior, three methods of cost allocation along with break even calculation are also examined.
    • Chapter 15: Product Costing
      • This chapter discusses the existing needs for cost information in healthcare firms and ho cost information relates to three key activities of management.  Three main phases of costing process and the two systems necessary to accurately cost healthcare encounters of care are also examined.
    • Chapter 17: Cost Variance Analysis
      • This chapter focuses on cost control concepts including two major theories used for cost control. Cost variance analysis and how that is used by management are examined.

LearnScape Simulation

  1. Jones & Bartlet Learning. Healthcare Finance LearnScape [Access Code]. Sudbury, MA: Jones & Bartlett Learning.

Recommended Resources

Article

  1. Milliken, A. (2010).  Use of volume variance– variance demand analysis in planning strategy formulation.  The Journal of Business Forecasting, 29(1), 4.  Retrieved from the ProQuest database.

Textbook PowerPoint Presentation

  1. Chapter 14 Cost Concepts and Decision MakingPreview the document
  2. Chapter 15 Product CostingPreview the document
  3. Chapter 17 Cost Variance AnalysisPreview the document
  4. HFMA PowerPoint Presentation Internal ControlsPreview the document

Just in case you need an assignment done, hire us. Using our writing services will make your life easier because we deliver exceptional results. Use us to get an A!

We are the Best!

course-preview

275 words per page

You essay will be 275 words per page. Tell your writer how many words you need, or the pages.


12 pt Times New Roman

Unless otherwise stated, we use 12pt Arial/Times New Roman as the font for your paper.


Double line spacing

Your essay will have double spaced text. View our sample essays.


Any citation style

APA, MLA, Chicago/Turabian, Harvard, our writers are experts at formatting.


We Accept

Secure Payment
Image 3

WK5AC

Budgetary Variance Model

Prior to completing this assignment, review Assignment 9 in Chapter 17 of your course text. Prepare an evaluation of the performance of the Radiology Department Manager for a hospital.

The service unit, or output, for this department is the number of procedures performed. A static budget was prepared at the beginning of the year. Examine that budget in relation to actual experience. The relevant data are included in Table 17-18 in your course text. The department manager is pleased because the department has a favorable $120,000 cost variance. Evaluate the effectiveness claims of the manager using the budgetary variance mode described in Chapter 17. What is your analysis of the department manager’s performance? Explain your reasoning.

Your paper must include an introduction, thesis, and conclusion. Your paper must be four to five double-spaced pages in length (excluding title and reference pages) and formatted according to APA style as outlined in the Ashford Writing Center.  Utilize three scholarly and/or peer-reviewed sources (excluding the course text) that were published within the last five years. Cite your sources within the text of your paper and provide complete references for each source used on the reference page.

Carefully review the Grading Rubric (Links to an external site.)Links to an external site. for the criteria that will be used to evaluate your assignment.

Required Resources

Required Text

  1. Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Essentials of health care finance (7th ed). Sudbury, MA: Jones & Bartlett Learning.
    • Chapter 14: Cost Concepts and Decision Making
      • This chapter discusses ways to classify cost and the four major categories of cost.  Five general types of cost behavior, three methods of cost allocation along with break even calculation are also examined.
    • Chapter 15: Product Costing
      • This chapter discusses the existing needs for cost information in healthcare firms and ho cost information relates to three key activities of management.  Three main phases of costing process and the two systems necessary to accurately cost healthcare encounters of care are also examined.
    • Chapter 17: Cost Variance Analysis
      • This chapter focuses on cost control concepts including two major theories used for cost control. Cost variance analysis and how that is used by management are examined.

LearnScape Simulation

  1. Jones & Bartlet Learning. Healthcare Finance LearnScape [Access Code]. Sudbury, MA: Jones & Bartlett Learning.

Recommended Resources

Article

  1. Milliken, A. (2010).  Use of volume variance– variance demand analysis in planning strategy formulation.  The Journal of Business Forecasting, 29(1), 4.  Retrieved from the ProQuest database.

Textbook PowerPoint Presentation

  1. Chapter 14 Cost Concepts and Decision Making
  2. Chapter 15 Product Costing
  3. Chapter 17 Cost Variance Analysis
  4. HFMA PowerPoint Presentation Internal Controls

Just in case you need an assignment done, hire us. Using our writing services will make your life easier because we deliver exceptional results. Use us to get an A!

We are the Best!

course-preview

275 words per page

You essay will be 275 words per page. Tell your writer how many words you need, or the pages.


12 pt Times New Roman

Unless otherwise stated, we use 12pt Arial/Times New Roman as the font for your paper.


Double line spacing

Your essay will have double spaced text. View our sample essays.


Any citation style

APA, MLA, Chicago/Turabian, Harvard, our writers are experts at formatting.


We Accept

Secure Payment
Image 3