Variance reporting and interpreting variance report results

Assignment Help Operation Management
Reference no: EM132844729

Assignment -1

You are the manager of a variable hospital department, and you just received your monthly budget results that state that your salaries were higher and your supplies were lower than budgeted. Your vice president expects managers to wrte detailed variance reports that include all possibilities.

Write a paper that explains what factors you should consider when writing your variance report to your vice president.

Include the relationships between variance reporting, interpreting variance report results, and actual results of performance.

Reference no: EM132844729

Questions Cloud

Economic market and many businesses are downsizing : This is certainly a challenging economic market and many businesses are downsizing.
Statistical Methods : Discuss the differences among the three major components of statistical methodology. Why might these distinctions be important to a manager?
Individual leadership style : Which leadership theory best describes this individual's leadership style? What is the rationale that supports your findings?
Total quality management : Discuss how a SWOT analysis might be used for identifying measures in a balanced scorecard. What types of questions might you ask?
Variance reporting and interpreting variance report results : Include the relationships between variance reporting, interpreting variance report results, and actual results of performance.
Analyze the media effect on terrorism : Analyze the media's effect on terrorism. Speculate on the end result that each side (the media and the terrorist group) hopes to gain from the other.
What is the chance that his test result will reflect it : A medical test for malaria is subject to both false positive and false negative errors. Given that a person has malaria, the probability the test will fail to r
What proportion of ball bearings have a diameter : Draw (or have a computer generate) a Normal curve with the parameters labeled. In your picture, shade in the region that represents the proportion of 10-year-ol
Estimate the number of heart : 1. If you draw 24 cards from a deck of 52 replacing each card after recording its suit, predict how many of each suit you would expect to draw. Estimate the num

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd