What Are the Five Steps to Developing Diversity and Cultural

question 10

Essay

What are the five steps to developing diversity and cultural competence?

Evaluate revenue and expense variances in comparing actual results to budgeted figures.

Understand the concept of spending variance and how to calculate it for different categories (manufacturing overhead, refurbishing materials, other expenses, equipment depreciation, supplies costs, occupancy costs, employee salaries and wages, facility expenses, travel expenses, power cost, and medical supplies).

Identify and calculate the revenue variance for different months.

Calculate and analyze the variance for net operating income comparing actual results to the flexible budget for various months.