Children's Hospital of the King's Daughters Health System in Norfolk, Virginia, introduced a new budgeting method that allowed the hospital's annual plan to be updated for changes in operating plans. For example, if the budget was based on 400 patient-days (number of patients x number of days in the hospital) and the actual count rose to 450 patient-days, the variable costs of staffing, lab work, and medication costs could be adjusted to reflect this change. The budget manager stated, I work with hospital directors to turn data into meaningful information and effect change before the month ends." Instructions: (a) What is budgeting method being used under the new approach? Provide an explanation for the new budgeting method by clearly stating the evidence to support your