Calculate the volume variance on the revenue side

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Reference no: EM132179960

Question - Consider the following data for Nebraska Medicine (in millions of dollars):

	Static Budget	Flexible Budget	Actual Results
Revenue	$4.7	$4.8	$4.5
Costs	4.1	4.1	4.2
Profits	0.6	0.7	0.3

a) Calculate the profit variance?

b) Calculate the revenue variance?

c) Calculate the cost variance?

d) Calculate the volume variance on the revenue side?

e) Calculate the management variance on the cost side?

Reference no: EM132179960

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