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6.1 Consider the following 2008 data for Newark General Hospital (in millions of dollars): Simple Flexible Actual Budget Budget Results Revenues $4.7 $4.8 $4.5 Costs
6.1 Consider the following 2008 data for Newark General Hospital (in millions of dollars): Simple Flexible Actual Budget Budget Results Revenues $4.7 $4.8 $4.5 Costs 4.1 4.1 4.2 Profit o.6 0.7 0.3 a. Calculate and interpret the two profit variances. b. Calculate and interpret the two revenue variances. c. Calculate and interpret the two cost variances. d. How are the variances related
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