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

Here are 2011 revenues for the Wendover Group Practice Association for four different budgets (in thousands of dollars):

Flexible Flexible

Static (Enrollment/Utilization) (Enrollment) Actual

Budget Budget Budget 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?(Hint:See the note to Exhibit 8.7.)

Calculate and interpret the revenue variance:

Calculate and interpret the volume variance:

Calculate and interpret the price variance:

Calculate and interpret the enrollment variance:

Calculate and interpret the utilization variance:

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