Opportunity to make changes to the current budget

Reference no: EM133507870

Case Study: You are the manager of a medical- surgical unit. Today is April 1st, and the fiscal year began on July 1st. You work with a variable budget and have the opportunity to make changes to the current budget based on variance. You cannot go over the total budgeted amount assigned to you.

Your budget is presented below. Annual Budget Expended in March Expended Year to Date Amount Remaining Variance Personnel 500,000 25,000 375,000 125,000 Overtime 50,000 20, 000 40,000 10,000 Supplies 18,000 1,800 16,500 1,500 Travel 1,000 0 300 700 Equipment 5,000 0 5,000 0 Staff education 1,000 200 600 400 Several factors that you must consider include:

1. You have been told to decrease your overtime expenditure.

2. Your unit has been designated as the unit to accept nursing home patients which will increase the cost of supplies

3. Your full-time night nurse has resigned and needs to be replaced

4. You would like two nurses to attend a train the trainer workshop for a cost of $1000 each

Reference no: EM133507870

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