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8 . 1 . Consider the following 2 0 2 0 data for Newark General Hospital ( in millions of dollars ) : a .

8.1 .

Consider the following

2020

data for Newark General Hospital

(

in millions of dollars

)

: a

.

Calculate and interpret the profit variance. b

.

Calculate and interpret the revenue variance. c

.

Calculate and interpret the cost variance. d

.

Calculate and interpret the volume and price variances on the revenue side.

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