Which of the following are considered variable costs? (Select all ...

[altibaby]

Which of the following are considered variable costs? (Select all that apply.)
 
  a. Salaries for the minimum number of staff
  b. Utilities and rent
  c. Managed care
  d. Supplies
  e. Medication and treatment supplies

Question 2

During the budgeting process, nurse managers are typically responsible for which of the following? (Select all that apply.)
 
  a. Determining inflationary rates for the upcoming year
  b. Developing unit operation objectives
  c. Justifying capital equipment requests
  d. Predicting cash flow
  e. Negotiating budget with other managers and administration

[cat123]

Answer to Question 1

ANS: D, E
The total fixed costs in a unit are those costs that do not change as the volume of patients changes. In other words, with either a high or a low patient census, expenses related to rent, utilities, loan payments, administrative salaries, and salaries of the minimum number of staff to keep a unit open must be paid. Variable costs are costs that vary in direct proportion to patient volume or acuity. Examples include nursing personnel, supplies, and medications.

Answer to Question 2

ANS: B, C, E
Although involvement in budget processes will vary from institution to institution, these are typical responsibilities for nurse managers during the budget process.

[altibaby]

Thanks for the timely response, appreciate it

[kishoreddi]

YES! Correct, THANKS for helping me on my review