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6.1 Consider the following 2012 data for Newark General Hospital (in millions of dollars): Simple Budget Flexible Budget Actual Results Revenues $4.7 $4.8 $4.5 Costs
6.1 Consider the following 2012 data for Newark General Hospital (in millions of dollars):
Simple Budget Flexible Budget Actual Results
Revenues $4.7 $4.8 $4.5
Costs 4.1 4.1 4.2
Profit 0.6 0.7 0.3
- Calculate and interpret the two profit variances.
- Calculate and interpret the two revenue variances
- Calculate and interpret the two cost variances
- How are the variances related?
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Public Finance And Public Policy
Authors: Jonathan Gruber
6th Edition
1319105254, 9781319105259
