Family Medical Care (FMC) is a family medical practice with 8physicians, a nursing staff of 10 to 12 nurses, and anadministrative staff that varies from 6 to 9 personnel. RajatPatel, the chief physician at FMC, is interested in studying theefficiency of the practice as a basis to set some benchmarks forfurther improvement, for rewarding his staff, and for comparing theefficiency of the FMC practice to other family medical practices.He is able to get comparable data for other practices from industrysources. So that the data are consistent with the industry sources,Patel has asked Marin & Associates, his accounting firm, todevelop a set of productivity measures that would satisfy thisrequirement. Upon investigation, Joseph Marin finds that themeasures to be used are the partial financial and operationalproductivity measures as defined in the chapter. The followinginformation is for the last 2 years for the FMC practice:

	Current Year	Prior Year
Patient visits	34,300	29,700
Nursing hours used	21,600	20,700
Administrative hours used	14,725	14,725
Cost of nursing support per hour	52	51
Cost of administration per hour	37.6	37
Industry average financial productivity
Nursing	0.03	0.03
Administrative	1.25	1.27

Required:

1. Compute the partial financial productivity ratios for nursingand administrative support for the current and prior year.

2. Separate the change in the partial financial productivityratio from the prior year to the current year into productivitychanges, input price changes, and output changes.

(For all requirements, round your answers to 4 decimalplaces. Negative values should be indicated by a minussign.)

		Nursing	Administrative
1	Financial Partial Productivity for the current year
	Financial Partial Productivity for the prior year
2	Productivity Change
	Input Price change
	Output Change