Explain nursing administrator- volume mix and price revenue

Assignment Help Marketing Management

Reference no: EM1334397

Explain Nursing administrator- Volume Mix and Price Revenue Variance

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. Explain the meaning of the variances in a two page Word document.

Reference no: EM1334397

Questions Cloud

Advise sam on the legal issues arising : Advise Sam on the legal issues arising in relation to the contract between Sam and Giant Copper Ltd, and the television interview. Discuss any points the other parties may counter argue.

Advise lizzy of her legal rights and possible remedies : As a result of these things happening Rachel decides that she no longer wants to purchase Lizzybellas for $1million and tells Lizzy of her decision. Advise Lizzy of her legal rights and possible remedies

Discuss possible defences that could be argued by big bank : Discuss possible defences that could be argued by Big Bank and Cyclone, and what Big Bank and Cyclone should have done to limit their legal liability. For this assignment answer

Does the company use the derivatives : Write 5 pages paper ( single space, Times New Roman, 12-point font size) about shell company and does the company use the derivatives and what kind of benefit doest company gets from it.

Explain nursing administrator- volume mix and price revenue : Explain Nursing administrator- Volume Mix and Price Revenue Variance and How did things turn out for the group considering just revenues

Explain danger of oversegmenting a market : Explain Danger of Oversegmenting a Market and Segmentation is the process of breaking a population down into smaller groups and marketing to it

Explain marketing mixes for two different segments : Explain Marketing Mixes for two Different Segments in the Middle East Market

Explain comparing and conntrasting the 4 ps approach : Explain Comparing and Conntrasting the 4 Ps Approach to the Value Approach and what would you expect to be the same and what would you expect to be different between two companies that apply one or the other approach

Explain pez corp marketing mix : Explain PEZ Corp Marketing Mix and Design a new advertising campaign to renew interest in the product

User Account

All Pages