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This question is From the textbook Fundamentals of Healthcare Finance second edition by Louis C. Gapenski 6.1 Consider the following 2012 data for Newark General

This question is From the textbook "Fundamentals of Healthcare Finance" second edition by Louis C. Gapenski
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6.1 Consider the following 2012 data for Newark General Hospital (in millions of dollars): Actual Simple Budget Flexible Budget Results Revenues Costs Profit $4.7 4.1 0.6 $4.8 4.1 0.7 $4.5 4.2 o.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. d. How are the variances related

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