Here are the 2020 revenues for the Wendover Group Practice Association for four different budgets (in thousands of dollars):

a. What do the budget data tell you about the nature of Wendover’s patients: Are they capitated or fee-for-service?

b. Calculate and interpret the following variances:
• Revenue variance • Volume variance • Price variance • Enrollment variance • Utilization variance

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Static Flexible (Enrollment/ Flexible (Enrollment) Actual Budget Utilization) Budget Budget Results $425 $200 $180 $300