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.
Buy an essay in any subject you find difficult—we’ll have a specialist in it ready
Ask for help with your most urgent short tasks—we can complete them in 4 hours!
Get your paper revised for free if it doesn’t meet your instructions.
Contact us anytime if you need help with your essay
APA, MLA, Chicago—we can use any formatting style you need.
Get a paper that’s fully original and checked for plagiarism