Calculate and interpret the following variances

Reference no: EM13289746

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's patients. Are they capitated of fee-for-service? (see note to 8.7)

b. Calculate and interpret the following variances:

• Revenue variance
• Volume variance
• Price variance
• Enrollment variance
• Utilization variance

Reference no: EM13289746

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