Consider the following data from the past year for the BSU General Hospital Revenues Costs Profits Static Budget 9,400,000 5,200,000 ? Flexible Budget 9,200,000 5,300,000 ? Actual Results 9,100,000 5,500,000 ? a a) b) c) d) e) f) Calculate and interpret the profit variance Calculate and interpret the revenue variance Calculate and interpret the cost variance Calculate and interpret the volume and price variances on revenue side Calculate and interpret the volume and management variances on cost side How are the variances calculated above related