Frequent budget analysis is an important function of the laboratory manager.The type of budget analysis that involves a comparison of the current month's actual dollars spent versus the budgeted dollars is known as a ______ analysis.A budget analysis that compares the current month's actual dollars spent per test with the budgeted dollars per test is a ______ analysis.Of these two, the ______ analysis excludes variances in test volumes.

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Two types of budget analysis can be performed: static and flexible.A budget analysis that involves a comparison of the current month's actual dollars spent versus the budgeted dollars is known as a static analysis.A budget analysis that compares the current month's actual dollars spent per test with the budgeted dollars per test is known as a flexible analysis.Of the two, a static analysis excludes variances in test volumes.

Frequent Budget Analysis Is an Important Function of the Laboratory