How do these variances differ across revenue streams

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Reference no: EM133872946

Budgeting

Discussion
How can healthcare organizations use responsibility centers to create a culture of accountability and continuous improvement in their budgeting process? Get online assignment help in the USA!

In 300-400 words, please post your initial response to the prompt. You will also post a minimum of 2 response to other student response. Each response must be a minimum of 200 words

Assignment
Purpose of Assignment:

The purpose of this assignment is to a variance analysis for the given healthcare organizations. You will also prepare a memo explaining how healthcare leaders can use variance analysis to make informed decisions.

Steps to Complete Assignment:

Complete chapter 11 problems 17 using the required template.
Prepare a memo in which you address the following:
What do the total variance, service-related variance, and flexible budget results reveal about the organization's performance?
Which volume and rate variances are most impactful? Why?
How do these variances differ across revenue streams (surgery, gift shop, parking)?
Analyze the relationships between planned and actual budgets:
What factors most significantly influenced deviations from the plan?
How did changes in volume and rates contribute to overall variances?
Based on your analysis, propose and justify 2-3 actionable recommendations for Cutting Edge's leadership. Be sure to consider opportunities to capitalize on favorable variances and potential adjustments to budgeting or forecasting processes.

Reference no: EM133872946

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