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Consider the following 2008 data for Newark General Hospitals (in millions of dollars

Simple Budget_______Flexible Budget_ Actual Budget__

Revenue______$4.7$____4.8_____$4.5____…

Cost___________4.1___4.1 ___4.2_______

Profit__________0.6____0.7____ 0.3__________

a) find out and interpret the two revenue variances

b)Canculate and interpret the two revenue variances.

c)find out and interpret the two cost variances

d)How are the variances related?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91615

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