08 Jul Budgetary Variance ModelPrior to completing this assignment,
Budgetary Variance ModelPrior to completing this assignment, review Assignment 9 in Chapter 17 of your course text. Prepare an evaluation of the performance of the Radiology Department Manager for a hospital.The service unit, or output, for this department is the number of procedures performed. A static budget was prepared at the beginning of the year. Examine that budget in relation to actual experience. The relevant data are included in Table 17-18 in your course text. The department manager is pleased because the department has a favorable $120,000 cost variance. Evaluate the effectiveness claims of the manager using the budgetary variance mode described in Chapter 17. What is your analysis of the department manager’s performance? Explain your reasoning.Your paper must include an introduction, thesis, and conclusion. Your paper must be four to five double-spaced pages in length (excluding title and reference pages) and formatted according to APA style as outlined in the Ashford Writing Center. Utilize three scholarly and/or peer-reviewed sources (excluding the course text) that were published within the last five years. Cite your sources within the text of your paper and provide complete references for each source used on the reference page. Carefully review the Grading Rubric (Links to an external site.)Links to an external site. for the criteria that will be used to evaluate your assignment. Required ResourcesRequired Text Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Essentials of health care finance (7th ed). Sudbury, MA: Jones & Bartlett Learning. Chapter 14: Cost Concepts and Decision Making This chapter discusses ways to classify cost and the four major categories of cost. Five general types of cost behavior, three methods of cost allocation along with break even calculation are also examined. Chapter 15: Product Costing This chapter discusses the existing needs for cost information in healthcare firms and ho cost information relates to three key activities of management. Three main phases of costing process and the two systems necessary to accurately cost healthcare encounters of care are also examined. Chapter 17: Cost Variance Analysis This chapter focuses on cost control concepts including two major theories used for cost control. Cost variance analysis and how that is used by management are examined. LearnScape Simulation Jones & Bartlet Learning. Healthcare Finance LearnScape [Access Code]. Sudbury, MA: Jones & Bartlett Learning.Recommended ResourcesArticle Milliken, A. (2010). Use of volume variance– variance demand analysis in planning strategy formulation. The Journal of Business Forecasting, 29(1), 4. Retrieved from the ProQuest database.Textbook PowerPoint Presentation Chapter 14 Cost Concepts and Decision Making Chapter 15 Product Costing Chapter 17 Cost Variance Analysis HFMA PowerPoint Presentation Internal Controls
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