Problem 8.5 I include problem 8.4 for reference

the 2015 are the 2015 revenues for the Wendover Group Practice Association for four different budgets (in thousands of dollars): Flexible (Enrollment/ Flexible (Enrollment) Actual Static Budget Utilization) Budget Budget $200 $180 $425 $300 What do the budget data tell you about the nature of Wendover's patients: Are they capitated or fee-for-service? (Hint: See the note to Exhibit 8.7.) Calculate and interpret the following variances: Revenue variance Volume variance Price variance Enrollment variance Utilization variance Here are the budgets of Brandon Surgery Center for the most recent historical quarter (in thousands of dollars) Static Flexible Actual Number of Surgeries 1,200 1,300 1,300 Patient Revenue $2,400 $2,600 $2,535 1,200 1,300 1,365 650 585 Salary Expense 600 onsal ary Expense s 600 s 650 s 585 Profit e all revenues and costs variable and hence are center assumes that directly to patient volume. budget was of (Hint: Examine the static budget to determine the relationship xplain how each amount in the flexible each bud line to volume get ded