Here are the 2015 revenues for Nu-Kim Radiology for four different budgets:

Flexible Flexible

Static Enrollment & Utilization Enrollment Actual Budget

Budget Budget Results

$200,000$204,000 $176,000 $184,000

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

6) Overall