Question
Consider the fallowing 2020 data for Queens General Hospital (in millions of dollars): Simple Flexible Actual Budget Budget Results Revenues $5.7 $3.8 $4.5 Cost 4.8
Consider the fallowing 2020 data for Queens General Hospital (in millions of dollars):
Simple Flexible Actual
Budget Budget Results
Revenues $5.7 $3.8 $4.5
Cost 4.8 3.1 4.2
Profit 0.9 0.8 0.3
- Calculate and interpret the two profit variances.
- Calculate and interpret the two revenue variances.
- Calculate and interpret the two cost variances.
d. How are variances related?
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Internal Control A Managers Journey
Authors: K. H. Spencer Pickett
1st Edition
0471402508, 978-0471402503
