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Business
Accounting
Enrollment Tuition per credit hour Credit hours Registration, records, and marketing costs per enrolled student Instructional costs per credit hour Depreciation on classrooms and equipment Line Item Description Revenue Variable costs: Registration, records, and marketing costs $ Instructional costs Total variable costs Actual Amount Contribution margin Depreciation on classrooms and equipment 5,000 $115 80,000 $1,875,000 Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of cred hours. Depreciation is a fixed cost. $300 $45 Prepare a variable costing income statement showing the contribution margin and operating income for the Fall term. Broadwater Institute & Technical School Variable Costing Income Statement For the Fall Term Planned 4,500 $100 72,000 $300 $40 $1,875,000

Enrollment Tuition per credit hour Credit hours Registration, records, and marketing costs per enrolled student Instructional costs per credit hour Depreciation on classrooms and equipment Line Item Description Revenue Variable costs: Registration, records, and marketing costs $ Instructional costs Total variable costs Actual Amount Contribution margin Depreciation on classrooms and equipment 5,000 $115 80,000 $1,875,000 Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of cred hours. Depreciation is a fixed cost. $300 $45 Prepare a variable costing income statement showing the contribution margin and operating income for the Fall term. Broadwater Institute & Technical School Variable Costing Income Statement For the Fall Term Planned 4,500 $100 72,000 $300 $40 $1,875,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Enrollment Tuition per credit hour Credit hours Registration, records, and marketing costs per enrolled student Instructional costs per credit hour Depreciation on classrooms and equipment Line Item Description Revenue Variable costs: Registration, records, and marketing costs $ Instructional costs Total variable costs Actual Amount Contribution margin Depreciation on classrooms and equipment 5,000 $115 80,000 $1,875,000 Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of cred hours. Depreciation is a fixed cost. $300 $45 Prepare a variable costing income statement showing the contribution margin and operating income for the Fall term. Broadwater Institute & Technical School Variable Costing Income Statement For the Fall Term Planned 4,500 $100 72,000 $300 $40 $1,875,000
Transcribed Image Text:Enrollment Tuition per credit hour Credit hours Registration, records, and marketing costs per enrolled student Instructional costs per credit hour Depreciation on classrooms and equipment Line Item Description Revenue Variable costs: Registration, records, and marketing costs $ Instructional costs Total variable costs Actual Amount Contribution margin Depreciation on classrooms and equipment 5,000 $115 80,000 $1,875,000 Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of cred hours. Depreciation is a fixed cost. $300 $45 Prepare a variable costing income statement showing the contribution margin and operating income for the Fall term. Broadwater Institute & Technical School Variable Costing Income Statement For the Fall Term Planned 4,500 $100 72,000 $300 $40 $1,875,000
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