orporation runs popular "Make Money in Real Estate and Retire Early!" workshops. The corporation bases its budget on two measures of activity, number of participants and number of workshops. In 2022, the orporation budgeted for 300 participants and 15 workshops. The management used the following data in its budgeting Fixed cost per year VC per Participant VC per Workshop Tuition per Participant $100 Revenue Instructor wages Workshop supplies Administrative expenses $4,000 $1,000 $2,000 Q: What is the (Just the amount) A: S Number of Participants 280 Number of Workshops 18 Revenue Instructor wages Workshop supplies Administrative expenses $9,840 actual results for the year appear below. $25,760 $7,780 $0 $10 $6,300 $20 $20 $50 $30 spending variance (.e. use flexible budget to calculate variance for all expenses together) for 2022?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Topic Video
Question

Please do not give solution in image format thanku 

Corporation runs popular "Make Money in Real Estate and Retire Early!" workshops. The corporation bases its budget on
two measures of activity: number of participants and number of workshops. In 2022, the
corporation budgeted for 300
participants and 15 workshops. The management used the following data in its budgeting:
Fixed cost per year VC per Participant VC per Workshop Tuition per Participant
$100
Revenue
Instructor wages
Workshop supplies
Administrative expenses
$4,000
$1,000
$2,000
Number of Participants 280
18
Number of Workshops
Revenue
Q: What is the
(Just the amount.)
A: $
s actual results for the year appear below.
$25,760
Instructor wages
Workshop supplies
Administrative expenses $9,840
$7,780
$0
$10
$6,300
$20
$20
$50
$30
s spending variance (i.e. use flexible budget to calculate variance for all expenses together) for 2022?
Transcribed Image Text:Corporation runs popular "Make Money in Real Estate and Retire Early!" workshops. The corporation bases its budget on two measures of activity: number of participants and number of workshops. In 2022, the corporation budgeted for 300 participants and 15 workshops. The management used the following data in its budgeting: Fixed cost per year VC per Participant VC per Workshop Tuition per Participant $100 Revenue Instructor wages Workshop supplies Administrative expenses $4,000 $1,000 $2,000 Number of Participants 280 18 Number of Workshops Revenue Q: What is the (Just the amount.) A: $ s actual results for the year appear below. $25,760 Instructor wages Workshop supplies Administrative expenses $9,840 $7,780 $0 $10 $6,300 $20 $20 $50 $30 s spending variance (i.e. use flexible budget to calculate variance for all expenses together) for 2022?
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Performance measurements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education