The Intensive Care Unit nurse manager is reviewing the current budget, and is attempting to anticipate variances. Which of the following could result in a cost variance?
1. The nurses are lobbying for a 4% increase in their wages from last year.
2. The organization was recently notified that the cost of tracheal suction kits will increase by 7%.
3. The hospital is taking steps to move from a level II trauma center to a level I trauma center.
4. The Surgical Department is performing fewer open heart surgeries after a cardiac surgeon moved away from the area.
Answer: 1
Rationale: There are four types of variances: mix variance, volume variance, cost variance, and price variance. A cost variance occurs when labor rates increase or decrease. A price variance occurs when the actual amount of money paid for a product or service varies from the projected expense. When the price to buy a tracheal suction kit increased, it produced a price variance. A mix variance or volume variance can occur as a result of a change in the type of clients the unit serves. Volume variances typically occur based on a change in a specific type of utilization rate of some service.
You might also like to view...
When teaching people about the risk factors associated with skin cancer, the nurse includes all of the following EXCEPT
a. family history of melanoma b. previous skin cancer c. dark-haired people are at increased risk for skin cancer d. fair skin that burns instead of tans
The nurse inserts an over-the-needle catheter (ONC) into the client's vein. Rank the nursing interventions in the proper order for IV insertion beginning with the next intervention the nurse should implement
1. Check for a blood return in flashback chamber. 2. Stabilize the catheter and the release tourniquet. 3. Apply gentle, firm pressure above insertion site. 4. Advance catheter until hub rests at insertion site.
A pediatric nurse admits a child who has a history of ADHD. The nurse is aware that ADHD may display as:
a. poor coordination and abnormal electroencephalogram (EEG). b. abnormal EEG and decrease in intelligence. c. minimal brain dysfunction and marked decrease in intelligence. d. developmental delay and poor coordination.
The nurse is caring for a patient in the fourth stage of the labor process. On what will the nurse focus when providing care to this patient? (Select all that apply.)
A) Urine output B) Comfort level C) Signs of infection D) Evidence of hemorrhage E) Peripheral vascular volume