Use formulas to calculate the three variances and format the cells to insert a comma if there is more than three numbers and round to the nearest whole number.

Volume, Risk, and Price Variances
Analyze the variances in the following scenario: You are the
nursing administrator for a medical group that expects a severe
outbreak of the flu this winter. You hire additional staff to treat
the patients and administer shots. Your special project budget was
for 1,000 hours of part-time nurses’ services at $40 per hour, for
a total cost of $40,000. It was expected that these nurses would
administer 400 flu shots and treat 1,600 flu patients. The medical
group typically charges $50 for a flu shot and $80 for treating a
flu patient. Actually, the group had 1,200 patients who received
the flu shot and 1,400 who had the flu and received treatment. On
average, it was able to collect $55 per flu shot and $70 per flu
patient.
Compute the volume, mix, and price revenue variances. How did
things turn out for the group considering just revenues? How did
they turn out from a profit perspective? Use either the approach
from chapter 8 or from Appendix 8-A to solve. Clearly label the
calculations of the required variances using Excel. Use formulas to
calculate the three variances and format the cells to insert a
comma if there is more than three numbers and round to the nearest
whole number. Explain the meaning of the variances in a two page
Word document

Need Help Writing an Essay?

Tell us about your ESSAY and we will find the best writer for your paper.

Write My Essay For Me

PLACE THIS ORDER OR A SIMILAR ORDER AND GET HELP FROM A NURSING EXPERT AT A FRIENDLY PRICE

Click the button below to order this paper AND ENJOY OUR DISCOUNT.

The post Use formulas to calculate the three variances and format the cells to insert a comma if there is more than three numbers and round to the nearest whole number. appeared first on Premium Nursing Papers.