Question: Please show formula calculations. 6.1 Consider the following 2012 data for Newark General Hospital (in miltions of dollars): a. Calculate and interpret the two profit

 Please show formula calculations. 6.1 Consider the following 2012 data for

Please show formula calculations.

6.1 Consider the following 2012 data for Newark General Hospital (in miltions of dollars): 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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