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    Fixed/Variable ....

    Expenses are categorized as Fixed or Variable

    Within the budget some expenses within a cost center are fixed and should not vary with volume.  Accounts can be set either way when setting up a cost center. 

    Examples of fixed expenses that should not be volume adjusted according to KVI are:

    • Water

    • Power

    • Managers Salaries

    • Leases

    Examples of variable expenses that should vary according to KVI are:

    • Medical / Surgical Supplies

    • RN salaries

    Salary and wage (S&W) accounts are set depending on the type of expense:

    Type of expense
     

     Fixed or variable

    S & W-PRODUCTIVE

    VARIABLE

    S & W-NON-PRODUCTIVE

    VARIABLE

    S & W-VACATION

    VARIABLE

    S & W-SICK

    VARIABLE

    SALARY EXPENSE RECOVERY

    FIXED

    S & W-DIFFERENTIALS

    VARIABLE

    S & W-CALL PAY

    VARIABLE

    S & W BUDGET ADJ

    VARIABLE

    S & W-MGMT-NON-PRODUCTIVE

    FIXED

    S & W-PRODUCTIVE

    VARIABLE

    S&W- MGMT MISC/SUPPLEMENT

    FIXED

    S & W-MGMT-CALL PAY

    FIXED

    S & W-MGMT-HOLIDAY PREMIUM

    FIXED

    S & W-MGMT-DIFFERENTIALS

    FIXED

    S & W-MGMT-OVERTIME

    FIXED

    S&W-MGMT-HOLIDAY

    FIXED

    S & W-MGMT-SICK

    FIXED

    S & W VACATION

    VARIABLE

    S & W-MISC/SUPPLEMENT

    VARIABLE

    S & W-TECH-CALL PAY

    VARIABLE

    S & W-TECH-HOLIDAY PREMIUM

    VARIABLE
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