Budgeting and Variance Analysis
Unit outcomes addressed in this Assignment:
- Explain how budgeting is used as part of the planning process in a healthcare organization.
- Assess variance analysis and how it is used by management.
- Calculate various types of cost variances.
Course outcome addressed in this Assignment:
HA520-5: Describe the overall planning process and the key components of the financial plan.
HA520-6: Apply financial management skills of performance measurement and financial controls in organizations.
Solve the following financial problems from your textbook, and submit the answers, including your work, in a Word or Excel document:
Question 8.1 from page 296, Chapter 8
Question 8.2 from page 296 , Chapter 8
Question 8.3 from page 296, Chapter 8
Problem 8.1 from page 296, Chapter 8