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F-CHAPTER PROBLEMs following 2016 data for Newark General Hospital in millionsof Consider the dollars): Simple Flexible Budget Budget Results $4.8 4.1 0.7 Actual $4.7 4.1

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F-CHAPTER PROBLEMs following 2016 data for Newark General Hospital in millionsof Consider the dollars): Simple Flexible Budget Budget Results $4.8 4.1 0.7 Actual $4.7 4.1 0.6 Revenues $4.5 4.2 0.3 Costs Profit a. Calculate and interpret the two profit variances b. Calculate and interpret the two revenue variances. c. Calculate and interpret the two cost variances. d. How are the variances related

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