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    Arcadia Hospital: Variance analysis

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    Determine the revenue variance from Arcadia Hospital's 2005 budget.
    Address the following: Is the variance positive or negative? Which is desirable, a positive or negative variance? Why? What do you think are some of the possible causes for this variance? How would you adjust Arcadia Hospital's 2006 budget in light of your variance analysis?

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    Solution Summary

    The solution shows how to determine all the variances, from actual results, using financial information.