You have been tasked with finding a vendor who will provide you with an estimate on a capital purchase such as MRI equipment or a CAT scanner. Some may be successful, but the reality is you may not hear back from anyone. In this case, please do some Internet research assumptions and make estimates about the cost. What will be most important in the assignment is that you provide a cost justification. How many procedures/hours will it take to break even on the purchase? To make a profit?
As to the variance analysis assignment, be sure you explain why there is a difference between what you projected and what actually occurred. Think about the flu shot example I provided earlier and think about another example that might have occurred at your organization.
The purpose of the paper is to discuss the comparison of actual figures budgeted data as variance analysis. For this reason, two areas of salaries and supplies are addressed as well as examining the concept of variance reporting.
Variance reporting refers to a process of investigating and analyzing the changes in variances between the budgeted and actual cost to ascertain the reason as to why the budgeted figures recorded either neutral, adverse or favorable variances (Brown, 2015). Therefore, several critical factors ought to be considered to write a good variance report. The elements are pinned inform of assumptions (Brown, 2015). One the factor is the actual expenses that are use