Labor Mix Variance - Mountain View Hospital
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In this problem I have doubt calculating the labor mix variance for the fourth floor nursing unit of Mountain View Hospital and explaining the significance of the labor mix variance. Also calculating the labor yield variance for the fourth floor nursing unit and interpreting the meaning of the calculations.
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Solution to your posted problem is given in separately attached file the excel format. Necessary workings and theoretical explanation is given as a foot note to each solution. Alternative methods are used for the purpose of verification of answers. You can use any method as per your choice.
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