Using the table  for nursing labor, calculate the Actual Cost and how you will divide the nursing labor expense based on skill mix. Consider safe staffing requirements, quality of care and operational needs to meet the demands of the new unit. Provide a detailed rationale of why and how you arrived at your decision.

 

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Volume/Census Supplies $8,550 $7,800 Nursing Labor $58,450 Actual Budget Variance 360 420 $8550 $58,450 $7800 $52,575 As the nurse manager, you will now need to determine the staff mix based on budgeted full-time equivalents (FTES). Consider the formula below: Actual Price per FTE x Actual Total Number of FTES = Budgeted Cost Volume/Census Supplies $8,550 $7,800 Nursing Labor $58,450 Actual Budget Variance 360 420 $8550 $58,450 $7800 $52,575 As the nurse manager, you will now need to determine the staff mix based on budgeted full-time equivalents (FTES). Consider the formula below: Actual Price per FTE x Actual Total Number of FTES = Budgeted Cost

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To determine the actual cost of nursing labor we can add the actual nursing labor expense for each v... View the full answer