problem 8.7 part A,B and E only

8.7 Refer to Problem 8.6. Chelsea Clinic's actual results for 2015 are shown in the table below. Total FFS Visit Volume 100,000 visits Payer Mix: busa 60% deben GO Blue Cross 40% Highmark Reimbursement Rates: gailo Blue Cross $28 per visit Highmark mint $18 per visit Variable Costs Resource Inputs: Onu gan Labor 50,000 total hours einibro Ingros PL. onlyngbia Suppo obil Supplies 150,000 total units obst guigate 0 admovo 2. SOOS G.Mt bra. (continued) Los 10 cosmolni topbudyiwoll (continued from previous page) Resource Input Prices: Labor 000.00 $28.00 per hour Supplies $1.50 per unit Fixed Costs (overhead, $500,000 pula plant, and equipment) om dit idmi a. Construct Chelsea Clinic's flexible budget and actual operating results for 2015. GOS b. What are the profit variance, revenue variance, and cost variance? c. Focus on the revenue side. What is the volume variance? The price variance? d. Now consider the cost side. What are the volume and management variances? Break down the management variance into labor, supplies, and fixed costs variances. e. Interpret your results. Toda