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8.2 Here are the 2011 revenues for the Wendover Group Practice Association for four different budgets (in thousands of dollars): Static Budget Flexible (Enrollment/Utilization) Budget

8.2 Here are the 2011 revenues for the 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 Wendover's patients: Are they capitated or fee-for-service? b.Calculate and interpret the following variances: Revenue variance Volume variance Price variance Enrollment variance Utilization vairance

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