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Calculate the Volume Variance and the Price Variance with the following assumptions for the Medical Imaging department of ABC Hospital: Budgeted Imaging Procedures:15,000 Budgeted Imaging

Calculate the Volume Variance and the Price Variance with the following assumptions for the Medical Imaging department of ABC Hospital:

Budgeted Imaging Procedures:15,000

Budgeted Imaging Costs:$300,000

Period 1:

Actual Imaging Procedures:15,750

Actual Imaging Costs:$307,125

Period 2:

Actual Imaging Procedures:14,350

Actual Imaging Costs:$304,950

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