One of the most challenging aspects of a nurse manager's job is to accurately project the personnel budget for the upcoming fiscal year. Budget preparation requires knowledge of previous and future trends in care delivery, market information to predict changes in services offered, and unit productivity measures.The inclusive median salary for registered nurses is $26.00 per hour. Last year your department had a working budget of 98,892 total staff hours. Assume that the budgeted nursing care hours and pay rate is the basis used in the following questions.The hospital is attempting to reduce length of stay, so patient days are expected to decrease by 2%. Projected budget hours will be 98% of previous budget hours. The new total working budget hours will be:
A) 96914 working hours
B) 98330 working hours
C) 99161 working hours
D) None of the above
Correct Answer:
Verified
Q27: The expense budget represents:
A)Salary and non-salary items
B)Patient
Q28: The best definition of a budget variance
Q29: The best definition of a volume variance
Q30: The best definition of an efficiency variance
Q31: The best definition of a rate variance
Q33: Inflation and raises are expected to raise
Q34: What are the new total average monthly
Q35: Based on the new total average monthly
Q36: Based on the new total average monthly
Q37: The nurse manager prepares a monthly financial
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