I added part A for reference. Only need part b

b. Provide a brief interpretation/evaluation for each variance. Hint: complete the following table: Variance (total) Evaluation Total revenues Total costs Profit Volume Variance Evaluation Total revenues Total costs Profit Evaluation Price/Management Variance Total revenues Total costs Profit Consider the following 2020 data for Cleveland Surgery Center Number of Surgeries Total revenues Total expenses (all variable) Profit Static 1,200 $2,400,000 $1,800,000 $600,000 Flexible 1,300 $2,600,000 $1,950,000 $650,000 Actual 1,300 $2,535,000 $1,950,000 $585,000 a. Determine the variances for each line of the income statement. Each line has a total variance, a volume variance, and a price variance (for revenue) and management variance (for expenses). Hint: Complete the table provided below. Note that Total variance= Volume variance + Price/Management variance. Variance (total) Volume Variance Price/Management Variance Total revenues Total costs Profit