DQ 1:

Please define and explain the following type of expenses and give an example of a business activity from your profession that may change the amount of variable expenses with each definition.

Variable expense:


Fixed expense:


Semi variable or Mixed expense:

Please identify if you would assign each of the following accounts as fixed, variable, or mixed and why.

Revenue:

Rent:

Supplies:

Labor positions: (Please assign each position a fixed, variable or mixed account status and explain you chose that designation)

• RN bedside
• Respiratory therapist
• Charge Nurse
• Nurse Manager

Why is it important to know and understand each classification during the budget process?

Please be sure to use and reference Baker in your DQs.

 DQs should be a minimum of 250 words.

DQ 2

The three components involved in the creation of a budget are Revenue, Expense, and the statistics (volume).

A. In what order are each component determined and why.

B. Please explain the differences between a static and flexible budget.

C. As a manager which type of budget would you prefer to operate under? Why?

Please remember to use and reference Baker in your DQ this week.

Please spend the majority of your time on the third question.

300 word minimum.