Consider the following data for Yellowstone Regional Hospital (in millions of dollars):

	Static Budget	Flexible Budget	Actual Results
Revenues	$7.0	$6.8	$6.8
Costs	$6.3	$6.3	$6.6
Profits	$0.7	$0.5	$0.2

40.	Answer all parts of the question and please label your answers clearly. a Calculate and interpret the profit variance. (2 points) b Calculate and interpret the revenue variance. (2 points) c Calculate and interpret the cost variance. (2 points)