Week 3 Forecasting Assignment Background The Flexible-Budget Variance Analysis The initial measure in flexible budgeting is to establish the flexible budget for the actual workload level. It must be determined what the cost should have been given the workload level that actually occurred. For example, consider the supplies budget for the cardiac unit at Saint Louis Medical Center (SLMC) during the month of July: Actual Budget Variance Supplies $12,000 $10,000 $2,000 U Suppose that the budget assumed that there would be 400 patient days for this unit for July, but there actually turned out to be 500 patient days. 1. The first step is to establish the flexible budget for the actual patient volume. The cardiac unit of SLMC budgeted $10,000 for supplies for the month of July—and the actual supply consumption was $12,000. The unit encountered a $2,000 supply variance. Suppose that July’s budget was built on 400 patient days but there actually was an increase in the number of patients admitted to the unit, which equaled 500 patients days. The planned supply cost was $25 for each patient ($10,000 / 400 patients = $25). The flexible budget demonstrates that $25 was actually spent on each patient even though there was an increase in the number of patients seen: $25 X 500 = $12,500. This is what the unit would have expected to spend if the actual number of patient days would have been known. For the cardiac unit, the total variance = $2,500. However, this volume variance is considered unfavorable because more spending occurred than was expected. Even though the increased number of patients admitted to the cardiac unit may represent more patient revenues, the excess cost is viewed as unfavorable. At this point, the variance in supplies has been explained by the fact that there was a different (higher) volume of patients than had been anticipated. Actual Flexible Original Budget Budget Budget Supplies $12,000 $12,500 $10,000 Flexible Volume Budget Variance Variance $500 $2,000 U Total Variance $2,500 U 2. The next step entails reviewing nursing labor costs to note whether there is a differences in the amount that was budgeted for in the month of July and the amount that actually occurred. Actual Budget Variance Salaries $110,000 $92,000 $18,000 U Flexible Budget $115,000 First, determine the flexible-budget salaries. The nursing salaries should vary in direct proportion to patient days. As more patients are admitted to the unit, more nursing care hours will be delivered to care for these extra patients. For example, nursing salaries had been budgeted at $92,000 for the 400 patient days. This was a cost of $230 per patient. Instead, 500 patients were admitted to the unit during the month of March, which should equal $115,000 (500 X $230 = $115,000). Next, determine if there is a variance between the flexible-budget salary and actual budget amount that occurred. When the flexible s.

1. Week 3 Forecasting Assignment Background
The Flexible-Budget Variance Analysis
The initial measure in flexible budgeting is to establish the
flexible budget for the actual workload level. It must be
determined what the cost should have been given the workload
level that actually occurred. For example, consider the supplies
budget for the cardiac unit at Saint Louis Medical Center
(SLMC) during the month of July:
Actual Budget Variance
Supplies $12,000 $10,000 $2,000 U
Suppose that the budget assumed that there would be 400
patient days for this unit for July, but there actually turned out
to be 500 patient days.
1. The first step is to establish the flexible budget for the
actual patient volume.
The cardiac unit of SLMC budgeted $10,000 for supplies for the
month of July—and the actual supply consumption was $12,000.
The unit encountered a $2,000 supply variance. Suppose that
July’s budget was built on 400 patient days but there actually
was an increase in the number of patients admitted to the unit,
which equaled 500 patients days. The planned supply cost was
$25 for each patient ($10,000 / 400 patients = $25). The flexible
budget demonstrates that $25 was actually spent on each patient
even though there was an increase in the number of patients
seen: $25 X 500 = $12,500. This is what the unit would have
expected to spend if the actual number of patient days would

2. have been known.
For the cardiac unit, the total variance = $2,500. However, this
volume variance is considered unfavorable because more
spending occurred than was expected. Even though the
increased number of patients admitted to the cardiac unit may
represent more patient revenues, the excess cost is viewed as
unfavorable. At this point, the variance in supplies has been
explained by the fact that there was a different (higher) volume
of patients than had been anticipated.
Actual Flexible Original
Budget Budget Budget
Supplies $12,000 $12,500 $10,000
Flexible Volume
Budget Variance
Variance
$500 $2,000 U
Total Variance
$2,500 U
2. The next step entails reviewing nursing labor costs to note
whether there is a differences in the amount that was budgeted
for in the month of July and the amount that actually occurred.
Actual Budget Variance
Salaries $110,000 $92,000 $18,000 U
Flexible Budget
$115,000
First, determine the flexible-budget salaries. The nursing
salaries should vary in direct proportion to patient days. As
more patients are admitted to the unit, more nursing care hours
will be delivered to care for these extra patients. For example,

3. nursing salaries had been budgeted at $92,000 for the 400
patient days. This was a cost of $230 per patient. Instead, 500
patients were admitted to the unit during the month of March,
which should equal $115,000 (500 X $230 = $115,000).
Next, determine if there is a variance between the flexible-
budget salary and actual budget amount that occurred. When the
flexible salary costs are subtracted from the actual salary costs,
it turns out that there is a $5,000 favorable variance ($115,000 -
$110,000 = $5,000). The actual amount spent was less than the
flexible budget. In fact, the manager should have expected to
spend $5,000 more on nursing salaries than was in the original
budget, given the 100 extra patient days. The cardiac unit
actually spent $5,000 less than should have been expected.
`
Goal: Acquire email access of an employee
Break in/Entry
(I)
Learn the
password (P)
IT / Hacking (P)
Find written
password (I)

4. Get password from
target (P)
Get password from
others (Executive
Admin or IT)
Laptop Present
(P)
Guess
password
(I)
Infect PC
with
Malware /
Key logger
(P)
Threaten (I)
Eavesdrop
(I)

5. Blackmail
(I)
Social
Engineering
(P)
Add malware/
Key logger on
PC (P)
Password
stated (I)
Listen to
conversation
(P)
Access email
program (P)
Attempt to login
to device (I)
Access files
that may have
the info (I)

6. Open email
app and see if
the password
was saved (I)
Look for data
files that may
contain
password info
(I)
Social
Engineering
(P)
Bribery
(P)
Threaten
(I)
Phishing
email (P)

7. Attempt to
reset password
using recovery
(I)
Find written
password
(P)
Laptop not
signed in (P)
Laptop signed
in and
accessible (P)
and
Read Bruce Schneier's paper on attack trees
(https://www.schneier.com/paper-attacktrees-ddj-ft.html (Links
to an external site.)). Note that he uses some technical jargon
to make a point about good vs. bad security controls. Don't
worry if this doesn't make sense, the overall article is very
good.
Come up with your own attack goal, and list some first level
attacks that would allow an "evil doer" to achieve the attack

8. goal. The attack may involve a computer breach, or it may
involve some other type of crime or even a non-criminal action
that results in harm.
After defining the single goal of the evil attacker, create a
second level of different attack methods. One method might
involve a computer intrusion, another a physical "break and
enter", a third human persuasion (social engineering), etc. For
each attack method, the next set of branches under the method
may be the different tasks required to succeed at the method.
Create a sample tree in a graphical format, as shown in the
article. Remember, a tree has multiple levels, branches do not
join (they only spread out) and there must be a single attack
goal at the root. Indicate "and" cases where a combination of
attacks are required to meet the next level's goal. Full credit for
this project requires that you meet all these
Forecasting Assignment
Guidelines With Scoring Rubric
Purpose
The purposes of this assignment are to (a) identify and
articulate key concepts of forecasting and budgeting strategies
for your cardiac unit at Saint Louis Medical Center (SLMC),
which includes evaluating variance analyses as they apply to
nursing budgets within healthcare organizations (CO 2); and (b)
formulate a revenue and expense budget for a nursing unit
within a healthcare organization (CO 1) and communicate the
information in a clear, succinct, and scholarly manner.
Course Outcomes
Through this assignment, the student will demonstrate the
ability to
(CO 1) Formulate a revenue and expense budget for a nursing
unit within a healthcare organization. (PO 2 and PO 8)
(CO 2) Evaluate variance analyses as they apply to nursing
budgets within healthcare organizations. (PO 4)
Due Date: Sunday 11:59 p.m. MT at the end of Week 3 into the
CCN Dropbox

9. Total Points Possible: 200Requirements:
1. This paper will be graded on quality of paper information,
use of citations, use of standard English grammar, sentence
structure, and organization based on the required components.
2. Create this assignment using Microsoft Word, which is the
required format for all Chamberlain documents. You can tell
that the document is saved as an MS Word document because it
will end in.docx.
3. Submit the paper to the appropriate CCN Dropbox by 11:59
p.m. MT on Sunday of the week due. Any questions about this
paper may be discussed in the weekly Q & A Discussion topic.
4. The length of the paper is to be no greater than three pages,
excluding title page and reference page. Extra pages will not be
read by the instructor and will not count toward your grade.
5. APA format (6th edition) is required in this assignment,
including a title page and reference page. Use APA level 1
headings for the organizational structure of this assignment.
Remember that the introduction does not carry a heading that
labels it as a level heading in APA format. The first part of your
paper is assumed to be the introduction. See the APA manual
for details. See the resource in Doc Sharing called Guidelines
for Writing Professional Papers. Use the suggested format and
headings to organize your assignment:
a. Include an introduction (do not label it as a heading in APA
format)
b. Key concepts of forecasting budget
c. Supporting evidence
d. Budget strategies
e. ConclusionPreparing the paper
Note: Use the resources in Doc Sharing related to SLMC to
assist in completion of this assignment; Week 3 Forecasting
Background and SLMC information as needed.
1. Clear introduction of your forecasting assignment is in the
introduction paragraph, including a sentence that states the
purpose of your paper.
2. Clearly articulate key concepts of your forecasting budget for

10. the cardiac unit at SLMC.
3. Include of a minimum of three sources of scholarly, empirical
evidence that supports your budget strategies for the cardiac
unit at SLMC. See resources under Doc Sharing related to
SLMC.
4. Identify budget strategies to keep your forecast for the
cardiac unit at SLMC within budget.
5. Provide concluding statements that should summarize your
overall forecasting assignment content.
6. The paper will be three pages maximum, excluding title and
reference page(s).
Note: If you go over the paper length, the information will not
be graded by the instructor.
7. Title and reference page(s) must be in APA format (6th
edition).
8. Use 12-point Times New Roman font and one-inch margins
on all sides of the paper.
Category
Points
%
Description
Introduction
30
15%
Introduction clearly introduces your forecasting assignment and
purpose of assignment.
Forecasting Budget Concepts
45
22.5%
Identification of key concepts of your forecasting budget for the
cardiac unit at SLMC is clearly articulated.
Evidence
30
15%
Minimum of three scholarly, empirical evidence sources

11. supporting your budget strategies for the cardiac care unit at
SLMC.
Budget Strategies
40
20%
Identify budget strategies to keep your forecast for the cardiac
unit at SLMC within budget.
Conclusion
30
15%
Concluding statements summarizing content are present.
Text, title page, and references are consistent with APA format
10
5%
Text, title page, and references are consistent with APA format.
Ideas and information from other sources are cited correctly
10
5%
Ideas and information from other sources are cited correctly.
Rules of grammar, word usage, and punctuation are followed
5
2.5%
Rules of grammar, word usage, and punctuation are followed.
Total
200
100
A quality assignment will meet or exceed all of the above
requirements.
Chamberlain College of Nursing NR533 Financial
Management in Healthcare Organizations
1
Grading Rubric
Assignment Criteria

12. Exceptional
(100%)
Outstanding or highest level of performance
Exceeds
(88%)
Very good or high level of performance
Meets
(80%)
Competent or satisfactory level of performance
Needs Improvement
(38%)
Poor or failing level of performance
Developing
(0)
Unsatisfactory level of performance
Content
Possible Points = 175 Points
Introduction clearly introduces your forecasting assignment
30 Points
26 Points
24 Points
11 Points
0 Points
Introduction clearly introduces your forecast and purpose of
assignment.
Introduction introduces your forecast with minor lack of clarity
or elements.
Introduction of forecast lacks occasional important element or
specificity.
Introduction of forecast has multiple instances of inaccuracies

13. Introduction is not present.
Identification of key concepts of forecast budget is clearly
articulated.
45 Points
40 Points
36 Points
17 Points
0 Points
Identification of key concepts of your forecasting budget for the
cardiac unit at SLMC is clearly articulated with no inaccuracy.
Identification of key concepts of your forecasting budget for the
cardiac unit at SLMC is clearly articulated with rare inaccuracy.
Identification of key concepts of your forecasting budget for the
cardiac unit at SLMC is clearly articulated but lacks occasional
important elements or specificity.
Identification of key concepts of your forecasting budget for the
cardiac unit at SLMC is clearly articulated but has multiple
instances of inaccuracies.
Identification of key concepts of your forecasting budget for the
cardiac unit at SLMC is not present.
At least three empirical, scholarly evidence sources supporting
your budget strategies for the cardiac care unit at SLMC
included
30 Points
26 Points
24 Points
11 Points
0 Points
At least three empirical, scholarly evidence sources supporting
your budget strategies for the cardiac care unit at SLMC are

14. included.
Empirical, scholarly evidence sources supporting your budget
strategies for the cardiac care unit at SLMC are included with
rare inaccuracy or only two sources are included.
Empirical, scholarly evidence sources supporting your budget
strategies for the cardiac care unit at SLMC lack an occasional
important element or specificity or less than two sources are
included.
Empirical, scholarly evidence sources supporting your budget
strategy for the cardiac care unit at SLMC have multiple
instances of inaccuracies.
Empirical, scholarly evidence sources supporting your budget
strategy are not present.
Identify budget strategies to keep your forecast for the cardiac
unit at SLMC within budget.
40 Points
35 Points
32 Points
15 Points
0 Points
Clearly identifies budget strategies to keep your forecast for the
cardiac unit at SLMC within budget.
Identifies budget strategies to keep your forecast for the cardiac
unit at SLMC within budget, with missing elements.
Identifies budget strategies with a moderate impact to keep your
forecast for the cardiac unit at SLMC within budget.
Identifies budget strategies with limited impact to keep your
forecast for the cardiac unit at SLMC within budget.
Budget strategies are not identified.
Concluding statements summarizing content are present.
30 Points
26 Points
24 Points
11 Points
0 Points

15. Concluding statements summarizing content are present and
accurate.
Concluding statements summarizing content are present with
rare inaccuracy or missing elements.
Concluding statements summarizing content lack an occasional
important element or specificity.
Concluding statements summarizing content have multiple
instances of inaccuracies.
Concluding statements summarizing content are missing.
Content Subtotal
_____ of 175 points
Format
Possible Points = 20 points
Text, title page, and references are consistent with APA format.
10 Points

16. 9 Points
8 Points
4 Points
0 Points
Text, title page, and references are consistent with APA format.
Text, title page, and references are consistent with APA format
with 1-2 exceptions.
There are 3-4 APA format errors in the text, title page, and/or
reference page(s).
There are 5 APA format errors in the text, title page, and/or
reference page(s).
There are 6 or more APA format errors in the text, title page,
and reference page(s).
Ideas and information from other sources are cited correctly.
10 Points
9 Points
8 Points
4 Points
0 Points
Ideas and information from other sources are cited correctly.
Ideas and information from other sources are cited correctly
with one exception.
Ideas and information from other sources are cited with two
errors.
Ideas and information from other sources are cited with 3 or
more errors.
Ideas and information from other sources are not cited.
Grammar
Possible Points = 5 points

17. Rules of grammar, word usage, and punctuation are followed.
5 points
4 points
3 points
2 points
0 points
Rules of grammar, word usage, and punctuation are followed.
Rules of grammar, word usage, and punctuation are followed
with 1-2 exceptions.
Rules of grammar, spelling, word usage, and punctuation are
consistent with formal written work with 3-4 exceptions.
Rules of grammar, spelling, word usage, and punctuation are
consistent with formal written work with 5 exceptions.
Rules of grammar, spelling, words usage, and punctuation are
followed with more than 6 exceptions.
Format Subtotal
_____ of 25 points
Total Points
_____ of 200 points
NR533 Directions & Rubric.docx
6