Finance For Healthcare

Finance For Healthcare.



Numeric Problems  (2 @ 10 = 20)




1.     Last year the price for thermometer covers in a pediatrician’s office was $.05 each. This year, the covers cost $.06 each. If the office purchased 10,000 thermometer covers this year, what is the price variance?








2.     Using the information in the table below, calculate the amount of the favorable price variance.


  Budgeted Actual
Volume 200,000 190,000
Cost per unit $40 $37
Cost $8,000,000 $7,030,000








Short Answer Problems (1 @ 10 = 10)




3.     When would it make sense to use a flexible budget as compared to a forecast budget?






Multiple Choice Problems (4 @ 5 = 20)




4.     ________________ is a phase of management that is longer than budgeting, but shorter than planning.




A.  Programming


B.  Accounting


C.  Operating


D.  None of the above




5.     Budgets normally cover a period of:




A.  5 years


B.  2 years


C.  3 years


D.  1 year




6.     Which of the following is part of a statistics budget?




A.  Output expectations


B.  Responsibility for estimation


C.  Estimation methodology


D.  All of the above




7.     The following is an example of a _____________ budget:


“The budget for the radiology department is different at 90 percent occupancy than at 80 percent occupancy.”




A.  rolling


B.  flexible


C.  forecast


D.  fixed




  • attachment


Finance For Healthcare

Looking for a Similar Assignment? Our Experts can help. Use the coupon code SAVE30 to get your first order at 30% off!


15% off for this assignment.

Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!

Why US?

100% Confidentiality

Information about customers is confidential and never disclosed to third parties.

Timely Delivery

No missed deadlines – 97% of assignments are completed in time.

Original Writing

We complete all papers from scratch. You can get a plagiarism report.

Money Back

If you are convinced that our writer has not followed your requirements, feel free to ask for a refund.

WhatsApp us for help!