Here are the 2011 revenues for the Wendover Group Practice Association for four different budgets (in thousands of dollars):Static Budget Flex Enrollment/Util. Budget Flex (Enrollment( Budget Actual Results $425 $200 $180 $300
a. What does the budget data tell you about the nature of Wondover%u2019s patients. Are they capitated of fee-for-service?
b. Calculate and interpret the following variances:
- %u2022 Revenue variance
- %u2022 Volume variance
- %u2022 Price variance
- %u2022 Enrollment variance
- %u2022 Utilization variance