Variance analysis. Part I, Extending flexible budget variance analysis to acuity.
The author reviews the concepts of flexible budget variance analysis, including the price, quantity, and volume variances generated by that technique. He also introduces the concept of acuity variance and provides direction on how such a variance measure can be calculated. Part II in this two-part series on variance analysis will look at how personal computers can be useful in the variance analysis process.
Finkler
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Robert F. Wagner Graduate School of Public Service, New York University, New York.
D000704:Analysis of Variance; D002017:Budgets; D006801:Humans; D009718:Nurse Administrators; D009738:Nursing Service, Hospital / Q000191:economics*; D010361:Patients / Q000145:classification; D012720:Severity of Illness Index