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Consider the following data for Newark General Hospital (in millions of dollars): Simple Flexible Actual Revenues $4.7 $4.8 $4.5 Costs $4.1 $4.1 $4.2 Profit $0.6
Consider the following data for Newark General Hospital (in millions of dollars):
| Simple | Flexible | Actual |
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 variences.
Answer questions from problem #1 in a Word document titled "Assignment 2-2" for submission of assignment.
Problem #2: Please place the table into sameWord document and answer the 3 questions
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