Instructor wages Classroom supplies Utilities Fixed Cost per Month Cost per Course $ 2,930 Cost per Student $ 270 $ 80 Campus rent Insurance Administrative expenses $ 1,220 $ 5,100 $2,400 $3,600 $ 40 $ 3 For example, administrative expenses should be $3,600 per month plus $40 per course plus $3 per student. The company's sales , should average $890 per student. The company planned to run four courses with a total of 64 students; however, it actually ran four courses with a total of only 62 students. The actual operating results for September appear below. Actual $ 54,060 $ 11,000 $ 17,130 $1,950 $ 5,100 $ 2,540 Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Required: $ 3,378 1. Prepare the company's planning budget for September. 2. Prepare the company's flexible budget for September. 3. Calculate the revenue and spending variances for September.

Instructor wages Classroom supplies Utilities Fixed Cost per Month Cost per Course $ 2,930 Cost per Student $ 270 $ 80 Campus rent Insurance Administrative expenses $ 1,220 $ 5,100 $2,400 $3,600 $ 40 $ 3 For example, administrative expenses should be $3,600 per month plus $40 per course plus $3 per student. The company's sales , should average $890 per student. The company planned to run four courses with a total of 64 students; however, it actually ran four courses with a total of only 62 students. The actual operating results for September appear below. Actual $ 54,060 $ 11,000 $ 17,130 $1,950 $ 5,100 $ 2,540 Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Required: $ 3,378 1. Prepare the company's planning budget for September. 2. Prepare the company's flexible budget for September. 3. Calculate the revenue and spending variances for September.

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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