While variances between an actual amount and a fixed budget are customary and us
ID: 2500775 • Letter: W
Question
While variances between an actual amount and a fixed budget are customary and useful in the management of health care organizations, name two other areas besides a fixed budget where it is useful to make comparisons with an organization’s actual experience. While variances between an actual amount and a fixed budget are customary and useful in the management of health care organizations, name two other areas besides a fixed budget where it is useful to make comparisons with an organization’s actual experience. While variances between an actual amount and a fixed budget are customary and useful in the management of health care organizations, name two other areas besides a fixed budget where it is useful to make comparisons with an organization’s actual experience.Explanation / Answer
Following are the areas which are useful to make comparisons with an organization’s actual experience.
1.Traditional flexible budget variance
2. Efficiency variance analysis
3.Monthly labor review
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