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Bloom's Level Assignment Instructions: Review Chapter 26 of the Health Information Management Concepts, Principles and Practice textbook regarding budget variances as well as supplemental information

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Bloom's Level Assignment Instructions: Review Chapter 26 of the Health Information Management Concepts, Principles and Practice textbook regarding budget variances as well as supplemental information given in week 9 on Moodle and the week 9 lectures. Submit your answers to the two case study questions in the Week 9 - Budget variance dropbox on Moodle. Assignment: Your organization is in the process of microfilming all the old records in storage. The budget for this process is $500,000 dollars over 3 years. You have contracted with a company to perform the microfilm services at $0.99 per page and have estimated that there are about 5.5 million pages to be converted. At the end of the first year, you review the invoice and see that you have billed for converting 2,083,333 pages. 1. Calculate your budget variance and what type it is. 2. Articulate a short explanation that can be given to administration regarding the variance. You plan to contract with a coding consultant to provide coding services for your outpatient endoscopy ad heart-center procedures and have included this in your annual budget. It is expected that this service will be needed for two months while staff become familiar with the new coding quidelines, but you reserve the right to shorten or extend th ant will be at the rate of $3.50 per Bloom's Level Assignment Instructions: Review Chapter 26 of the Health Information Management Concepts, Principles and Practice textbook regarding budget variances as well as supplemental information given in week 9 on Moodle and the week 9 lectures. Submit your answers to the two case study questions in the Week 9 - Budget variance dropbox on Moodle. Assignment: Your organization is in the process of microfilming all the old records in storage. The budget for this process is $500,000 dollars over 3 years. You have contracted with a company to perform the microfilm services at $0.99 per page and have estimated that there are about 5.5 million pages to be converted. At the end of the first year, you review the invoice and see that you have billed for converting 2,083,333 pages. 1. Calculate your budget variance and what type it is. 2. Articulate a short explanation that can be given to administration regarding the variance. You plan to contract with a coding consultant to provide coding services for your outpatient endoscopy ad heart-center procedures and have included this in your annual budget. It is expected that this service will be needed for two months while staff become familiar with the new coding quidelines, but you reserve the right to shorten or extend th ant will be at the rate of $3.50 per

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