1. 1. Prepare and calculate the static budget, flexible budget, and actual results based upon the following information.

   		Budget		Actual
   Volume Assumptions
   	FFS	21,600 visits		23,800 visits
   	Capitated lives	50,000		50,000
   	Expected Utilization PM	0.24 visits PM		0.26 visits PM
   Revenue Assumptions
   	FFS	$75.00	per visit	$72.00	per visit
   	Capitated lives	$16.00	PM	$16.00	PM
   Cost Assumptions
   	Variable Costs
   	Labor	30,000	hours @ $37/hour	32,500	hours @ $39/hour
   	Supplies	50,000	units @ $2.50 unit	62,000	units @ $1.80 unit
   Fixed Cost Assumptions
   	Overhead	$250,000		$250,000

1. Calculate the following variances
   1. Profit Variance
   2. Revenue Variance
   3. Revenue Volume Variance
   4. Revenue Price Variance
   5. Cost Variance
   6. Cost Volume Variance
   7. Management Variance
   8. Labor Variance
   9. Supplies Variance
   10. Fixed Cost Variance