Here are the 2021 revenues for Nu-Kim Radiology for four different budgets:

Static Budget	Flexible Enrollment & Utilization Budget	Flexible Enrollment Budget	Actual Results
$300,000	$340,000	$280,000	$310,000

1) Calculate the following:

a. Revenue Variance

b. Volume Variance

c. Price Variance

d. Enrollment Variance

e. Utilization Variance

2) Interpret each variance:

a. Revenue Variance

b. Volume Variance

c. Price

d. Enrollment Variance

e. Utilization Variance

f. Overall

Answer rating: 100% (QA)

To calculate the variances and interpret them we need to compare the actual results with the different budgets provided Lets calculate each variance and provide the interpretation 1 Calculating the va... View the full answer