100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
HCM 416 FINAL EXAM 2024/2025 QUESTIONS AND ANSWERS WITH COMPLETE 100% VERIFIED SOLUTIONS CA$15.24   Add to cart

Exam (elaborations)

HCM 416 FINAL EXAM 2024/2025 QUESTIONS AND ANSWERS WITH COMPLETE 100% VERIFIED SOLUTIONS

 0 view  0 purchase
  • Course
  • Institution

HCM 416 FINAL EXAM 2024/2025 QUESTIONS AND ANSWERS WITH COMPLETE 100% VERIFIED SOLUTIONS fixed cost- contribution margin per unit break even volume= revenues-variable cost contribution margin= (Budgeted volume x budgeted price) - (Actual volume x actual price) total variance= Actual volume...

[Show more]

Preview 2 out of 8  pages

  • November 10, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
avatar-seller
HCM 416 FINAL EXAM 2024/2025 QUESTIONS AND

ANSWERS WITH COMPLETE 100% VERIFIED SOLUTIONS


fixed cost- contribution margin per unit

break even volume=

revenues-variable cost

contribution margin=

(Budgeted volume x budgeted price) - (Actual volume x actual price)

total variance=

Actual volume x (Actual price - budgeted price)

price variance=

hourly rate x 2080 x benefit rate

salary and benefits cost=

Clinic visits per weekday x number of days in operation x variable salary cost per

visit.

Variable salary cost=

Total variable costs/number of visits

variable cost per visit=

Actual revenue - static revenues

revenue variance=

number given/cost driver

allocation rate=

, total revenue-total variable cost + total fixed cost

taxable income=

Contribution Margin

The amount remaining from sales revenues after all variable expenses have been

deducted.

cost pool

a grouping of individual indirect cost items

cost driver

the primary factor that causes a cost

cost allocation

Process of assigning indirect costs to products, services, people, business units, etc.

variable costs

costs that vary with the quantity of output produced

Examples of variable costs

supplies

Examples of fixed costs

Wages and benefits,Rent, Depreciation Utilities

zero-baes budget

each budget is started from scratch

Statistic Budget

the foundation budget

revenue budget

used to forecast revenues

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller NurseAdvocate. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$15.24. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you


CA$15.24
  • (0)
  Add to cart