PAC 3.2 Managerial Accounting: Evaluate Labor Costs and Productivity Data Managerial Accounting Assume you are a managerial accountant for the consolidated California group of Kindred Hospitals. The director of operations has asked that you analyze the annual data associated with hospital labor. Specifically, the director of operations is interested in the following variables.

VariablesDefinition per Data DictionaryHopsitalFTENumber of hospital full time employeesNurseFTEAverage number of nursing personnelProductiveHoursTotal productive hoursNonProductiveHoursTotal nonproductive hoursPaidHoursTotal paid hoursMedicalStaffNumber of active medical staff

Complete the chart.

ObjectiveInitial QuestionSub-questionsPossible MeasuresDescriptive Analysis:Understand labor information for 2018 - 2019.What happened to labor hours during 2018 and 2019?1.2.Diagnostic Analysis:Determine why variables changed between 2018 and 2019.Which hospitals have increasing salary expenses from 2018 to 2019?3.4.Predictive Analysis:Identify if there is relationship between total productive hours and gross patient revenue.Can productive hours predict gross patient revenue?5.6.

7. Use the data to calculate the measures.