Question
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
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
a. Calculate and interpret the two profit variances.
b. Calculate and interpret the two revenue variances.
c. Calculate and interpret the two cost variances.
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Essential Strategies For Financial Services Compliance
Authors: Annie Mills, Peter Haines
2nd Edition
1118906136, 978-1118906132
