Need help with 8.4a-f

8.3 Here are the budgets of Brandon Surgery Center for the most recent historical quarter (in thousands of dollars): Static Flexible Actual Number of Surgeries,200 1,300 1,300 $2,400 $2,600 $2,535 1,200 1,300 1,365 Nonsalary Expense 600 650 585 s 600 650 585 Patient Revenue Salary Expense Profit The center assumes that all revenues and costs are variable and hence tied directly to patient volume. a. Explain how each amount in the flexible budget was calculated. Hint: Examine the static budget to determine the relationship of each budget line to volume.) b. Determine the variances for each line of the profit and loss statement, both in dollar terms and in percentage terms. (Hint: Each line has a total variance, a volume variance, and a price variance [for revenues] and management variance [for expenses] c. What do the Part b results tell Brandon's managers about the surgery center's operations for thc quarter? 8.4 Refer to Carroll Clinic's 2015 operating budget contained in Exhibi 8.3. Instead of the actual results reported in Exhibit 8.4, assume the results reported below: Carroll Clinic: New 2015 Results I. Volume A. FFS 34,000 visits 30,000 members B. Capitated lives Number of member-months 360,000 Actual utilization per member-month Number of visits Total actual visits 0.12 43,200 visits 77,200 visits C. II. Revenues A. FFS $ 28 per visit 34,000 actual visits $ 952,000 B. Capitated lives $2.75 PMPM 360,000 actual $ 990 8.3 Here are the budgets of Brandon Surgery Center for the most recent historical quarter (in thousands of dollars): Static Flexible Actual Number of Surgeries,200 1,300 1,300 $2,400 $2,600 $2,535 1,200 1,300 1,365 Nonsalary Expense 600 650 585 s 600 650 585 Patient Revenue Salary Expense Profit The center assumes that all revenues and costs are variable and hence tied directly to patient volume. a. Explain how each amount in the flexible budget was calculated. Hint: Examine the static budget to determine the relationship of each budget line to volume.) b. Determine the variances for each line of the profit and loss statement, both in dollar terms and in percentage terms. (Hint: Each line has a total variance, a volume variance, and a price variance [for revenues] and management variance [for expenses] c. What do the Part b results tell Brandon's managers about the surgery center's operations for thc quarter? 8.4 Refer to Carroll Clinic's 2015 operating budget contained in Exhibi 8.3. Instead of the actual results reported in Exhibit 8.4, assume the results reported below: Carroll Clinic: New 2015 Results I. Volume A. FFS 34,000 visits 30,000 members B. Capitated lives Number of member-months 360,000 Actual utilization per member-month Number of visits Total actual visits 0.12 43,200 visits 77,200 visits C. II. Revenues A. FFS $ 28 per visit 34,000 actual visits $ 952,000 B. Capitated lives $2.75 PMPM 360,000 actual $ 990