Please answer question A and B. Also provide formulas and step by step for the operating budget. Thank you will thumbs up if correct.

8.6. Chelsea Clinic projected the following budget information for 2020: 90,000 visits 40% 60% $25 per visit $20 per visit Total FFS Visit Volume Payer Mix: Blue Cross Highmark Reimbursement Rates: Blue Cross Highmark Variable Costs Resource Inputs: Labor Supplies Resource Input Prices: Labor Supplies Fixed Costs (overhead, plant, and equipment) 48,000 total hours 100,000 total units $25.00 per hour $1.50 per unit $500,000 a. Construct Chelsea Clinic's operating budget for 2020, b. Discuss how each key budget assumption might result in a budget variance, and name the variance that would be used to