a. Using the Information from the Assumptions for the static budget and actual results, calculate the amounts for the flexible budget and actual income statement. b. Determine the total variance for each item in amount and percentage terms. c. Explain what the variances reflect for management of the center. 3 9 01 1 2 3 4 20 21 22 Assumptions: FFS visits Capitated visits Total 5 16 17 18 19 Revenues: FFS Capitated Total Revenue FFS rate Capitated PMPM 25 26 27 Variable costs per vis Fixed costs 23 24 Costs: INCOME STATEMENT: Variable: FFS Capitated Total 26 29 30 31 Contribution Margin 32 Fixed Costs Static Budget 33 34 Profit 35 46,000 85.000 131,000 40 3 13.00 550,000 1,840,000 255.000 2,095,000 598,000 1.105.000 1,703,000 392,000 550.000 (158,000) Flexible Budget 12.00 Actual Results 50,000 80.000 130,000 42 3 12.50 530,000 2,050,000 480,000 Variances Amount Percent