Description

NR 630 Assignment, Budget and Variance Calculation

Calculating a Salary Budget

1. Calculate the total-care hours required for the year
2. Total-Care-Hours Required for the Year / Number of Patient Days

FTE Calculations

1. Determine FTE requirements for number of expected patient -care hours:
2. Allocate the number of FTEs per position type and shifts
3. Calculate FTEs by Type and Shift

Variances

1. Volume Variance
2. Price Variance
3. Quantity Variance