Problem
The 2007 Revenues for a Wendover Group Practice Association for four different budgets, in thousands of dollars:
Static Budget Flexible (Enrollment/Utilization) Budget Flexible (Enrollment Budget Actual Results
$425 $200 $180 $300
a. What does the budget data tell you about the nature of Wendovers patients: Are they capitated or fee-for-service?
b. Calalculate and interperet the following variances:
-Revenue variance
-Volume variance
-Price variance
-Enrollment variance
-Utilization variance
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.