4. (20 Points)Here are the 2017 revenues for Nu-Kim Radiology for four different budgets:

Static Budget Flexible Enrollment/Utilization Budget Flexible Enrollment Budget Actual Results

$150,000 $140,000 $156,000 $162,000

Calculate the following:

a. Revenue Variance =

b. Volume Variance =

c. Price Variance =

d. Enrollment Variance =

e. Utilization Variance =

f. Interpret each variance:

1) Revenue Variance -

2) Volume Variance -

3) Price -

4) Enrollment Variance -

5) Utilization Variance -