Purchase Solution

Prepare a Budget for a General Medical/Surgical Unit

Not what you're looking for?

Ask Custom Question

You are the nursing supervisor responsible for general medical/surgical units consisting of 50 beds. For the first time the chief financial officer has asked you to prepare a budget for your area of responsibility. Describe the process you will use to accomplish this task, including the information you will need, and the important steps in the process.

Purchase this Solution
Solution Summary

This solution discusses steps to consider for preparing the budget in 294 words.

Solution Preview

In order to prepare a budget, first of all i will have to identify various cost centers within my unit. In other words, I will identify different types of routine expenses associated with my unit or departments, such as salary expenses, costs on medicines and surgical goods, maintenance of equipment, etc. In order to accurately forecast the budgetary requirements, I will need historical information about the costs incurred on these ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
Recent Feedback
  • "Thank you. "
  • "Thank you"
  • "Thank you. I got 20/20 last week for my discussion you help me out with."
  • "Thank you. Great Job. "
  • "Thank you. Great Job. "
Purchase this Solution
Free BrainMass Quizzes
Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Introduction to Finance

This quiz test introductory finance topics.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

View More Free Quizzes
Related BrainMass Solutions

  • Variance analysis in the service industry

    Prepare a flexible budget estimate. Present side by side the budget, flexible budget estimate, and actual surgical revenue (and related volumes).

  • Healthcare Budget Variance

    •Determine the service-related variance for Patient Days. •Prepare a flexible budget estimate. Present side-by-side budget, flexible budget estimate, and the actual Surgical Revenues. •Prepare a flexible budget estimate.

  • Operation Management: JIT Concepts

    To address JIT issues externally, Arnold Palmer Hospital turned toward a major distribution partner, McKesson General Medical, which as a first-tier supplier provides the hospital with about one quarter of all its medical/surgical inventory.

  • Spiffy Shades Corporation: Prepare a production budget....

    444425 Spiffy Shades Corporation: Prepare a production budget, a direct-labor budget and a manufacturing overhead budget Spiffy Shades Corporation manufactures artistic frames for sunglasses.

  • The Project: Scheduling, Resources, and Budgeting

    Label the costs either direct costs, project overhead costs, or general and administrative overhead costs. 2. Develop a time-phased budget for the project. What will be the cumulative cost of the project? 3.

  • Scheduling, Resources and Budgeting

    Label the costs as either direct costs, project overhead costs, or general and administrative overhead costs. - Develop a time-phased budget for the project. What will be the cumulative cost of the project?

  • Budgeting, Dollie Inc.

    4.Prepare a direct labor budget for January. 5.Prepare a factory overhead budget for January. 6.Prepare a cost of goods sold (COGS) budget for January.

  • Inventory tracking methods

    To address JIT issues externally, Arnold Palmer Hospital turned toward a major distribution partner, McKesson General Medical, which as a first-tier supplier provides the hospital with about one quarter of all its medical/surgical inventory.

  • The Medical Center - Predetermined Factory overhead rate

    The Medical Center expects to use the operating room an average of eight hours per day, six days per week. In addition, the operating room will be shut down two weeks per year for general repairs. a.

View More Related Solutions