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. Variables Definition per Data Dictionary HopsitalFTE Number of hospital full time employees NurseFTE Average number of nursing personnel ProductiveHours Total productive hours NonProductiveHours Total nonproductive hours PaidHours Total paid hours MedicalStaff Number of active medical staff Complete the chart. Objective Initial Question Sub-questions Possible Measures Descriptive 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.