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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 Calculate and interpret the two revenue 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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HOW TO CALCULATE SINKING FUND METHOD
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