6.3 Refer to Carroll Clinic's 2016 operating budget, contained in exhibit 6.2. Instead of the actual results reported in exhibit 6.3, assume the following results: 11,000 12,000 23,000 $95 $95 $ 350,000 1. Volume (Number of visits) Payer A Payer B Total II. Reimbursement (per Visit) Payer A Payer B III. Costs Variable costs: Supplies Fixed costs: Labor Overhead Total IV. P&L Statement Revenues: Payer A Payer B Total revenues Variable costs Fixed costs Total Profit $1,000,000 500,000 $1,500,000 $1,045,000 1,140,000 $2,185,000 $ 350,000 1,500,000 $1,850,000 $ 335,000 a. What are the profit, revenue, and cost variances based on the simple (exhibit 6.2) budget? b. Construct Carroll's flexible budget for 2016. What are the profit, revenue, and cost variances based on the flexible budget? c. 6.3 Refer to Carroll Clinic's 2016 operating budget, contained in exhibit 6.2. Instead of the actual results reported in exhibit 6.3, assume the following results: 11,000 12,000 23,000 $95 $95 $ 350,000 1. Volume (Number of visits) Payer A Payer B Total II. Reimbursement (per Visit) Payer A Payer B III. Costs Variable costs: Supplies Fixed costs: Labor Overhead Total IV. P&L Statement Revenues: Payer A Payer B Total revenues Variable costs Fixed costs Total Profit $1,000,000 500,000 $1,500,000 $1,045,000 1,140,000 $2,185,000 $ 350,000 1,500,000 $1,850,000 $ 335,000 a. What are the profit, revenue, and cost variances based on the simple (exhibit 6.2) budget? b. Construct Carroll's flexible budget for 2016. What are the profit, revenue, and cost variances based on the flexible budget? c