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Herzing University Fixed and Variable Costs

Question Description

Cost behavior is the term used to summarize the impact of costs that are influenced by volume. On a financial statement, these costs are identified as variable costs. Understanding the role of both fixed and variable costs in a health care organization is key to targeting profitability centers.

Assume the role of a financial consultant. You have been hired by a small non-profit hospital, struggling with profitability. You have been given full access to all financial and operational information to perform your research and analysis.

  • Create a one-page outline of the work you will be performing. This outline will be given to the CFO.
  • On a separate page, using fictional information, depict the hospital's cost behavior.
    • You may include graphics, such as pie charts or graphs, to illustrate.
    • Cost drivers should be clearly defined
    • One-page in length
  • On a separate page, provide a recommendation summary for the CFO. This should include specific areas of concern to address, as well as areas of strength to continue supporting. Your wording should be professional and concise.
  • Include a minimum of three references in APA style on a separate page
  • Submit all four pages as part of one Word document

Please review the rubric to ensure that your assignment meets criteria.

Submit:

  • Fixed and Variable costs document

Rubric

HC306 – Unit 3 Assignment 2

HC306 – Unit 3 Assignment 2

Criteria Ratings Pts

This criterion is linked to a Learning OutcomeContent

15.0 pts

5

Demonstrates the ability to construct a clear and insightful problem statement/thesis statement/topic statement with evidence of all relevant contextual factors.

14.0 pts

4

Demonstrates the ability to construct a problem statement, thesis statement/topic statement with evidence of most relevant contextual factors, and problem statement is adequately detailed.

12.0 pts

3

Begins to demonstrate the ability to construct a problem statement/thesis statement/topic statement with evidence of most relevant contextual factors, but problem statement is superficial.

11.0 pts

2

Demonstrates a limited ability in identifying a problem statement/thesis statement/topic statement or related contextual factors.

9.0 pts

1

Demonstrates the ability to explain contextual facts but does not provide a defined statement.

0.0 pts

0

There is no evidence of a defined statement.

15.0 pts

This criterion is linked to a Learning OutcomeAnalysis

25.0 pts

5

Organizes and compares evidence to reveal insightful patterns, differences, or similarities related to focus.

23.0 pts

4

Organizes and interprets evidence to reveal patterns, differences, or similarities related to focus.

20.0 pts

3

Organizes and describes evidence according to patterns, differences, or similarities related to focus.

18.0 pts

2

Organizes evidence, but the organization is not effective in revealing patterns, differences, or similarities.

15.0 pts

1

Describes evidence, but it is not organized and/ or is unrelated to focus.

0.0 pts

0

Lists evidence, but it is not organized and/ or is unrelated to focus.

25.0 pts

This criterion is linked to a Learning OutcomeWriting

5.0 pts

5

The paper exhibits a excellent command of written English language conventions. The paper has no errors in mechanics, grammar, or spelling.

4.5 pts

4

The paper exhibits a good command of written English language conventions. The paper has no errors in mechanics, or spelling with minor grammatical errors that impair the flow of communication.

4.0 pts

3

The paper exhibits a basic command of written English language conventions. The paper has minor errors in mechanics, grammar, or spelling that impact the flow of communication.

3.5 pts

2

The paper exhibits a limited command of written English language conventions. The paper has frequent errors in mechanics, grammar, or spelling that impede the flow of communication.

3.0 pts

1

The paper exhibits little command of written English language conventions. The paper has errors in mechanics, grammar, or spelling that cause the reader to stop and reread parts of the writing to discern meaning.

0.0 pts

0

The paper does not demonstrate command of written English language conventions. The paper has multiple errors in mechanics, grammar, or spelling that cause the reader difficulty discerning the meaning.

5.0 pts

This criterion is linked to a Learning OutcomeAPA

5.0 pts

5

The required APA elements are all included with correct formatting, including in-text citations and references.

4.5 pts

4

The required APA elements are all included with minor formatting errors, including in-text citations and references.

4.0 pts

3

The required APA elements are all included with multiple formatting errors, including in-text citations and references.

3.5 pts

2

The required APA elements are not all included. AND/OR there are major formatting errors, including in-text citations and references.

3.0 pts

1

Several APA elements are missing. The errors in formatting demonstrate limited understanding of APA guidelines, in-text-citations, and references.

0.0 pts

0

There is little to no evidence of APA formatting. AND/OR there are no in-text citations AND/OR references.

5.0 pts

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