Professional Exam Prep (PEP) uses a cost-plus model to determine the price it charges students. Specifically, the Company charges cost plus 25% of cost. Fixed costs, including facility rental and Instructor compensation, amount to $6,600 per month. PEP Incurs variable costs for books and supplies that amount to $56 per student. Monthly, enrollment tends to fluctuate. The following data represent the Company's expectations for the first three months of the current year. 100 January 20 $ 1,120 $ 6,600 February 30 $1,680 $ 6,600 50 $ 2,800 $ 6,600 $ 5,600 $ 19,800 Based on this information, which of the following amounts represents the average price PEP should charge per student for the month of January? Month Number of Students. Total Variable Cost Total Fixed Cost Multiple Choice O O о о $386.00 $317.50 $254.00 $482.50 March Total

Professional Exam Prep (PEP) uses a cost-plus model to determine the price it charges students. Specifically, the Company charges cost plus 25% of cost. Fixed costs, including facility rental and Instructor compensation, amount to $6,600 per month. PEP Incurs variable costs for books and supplies that amount to $56 per student. Monthly, enrollment tends to fluctuate. The following data represent the Company's expectations for the first three months of the current year. 100 January 20 $ 1,120 $ 6,600 February 30 $1,680 $ 6,600 50 $ 2,800 $ 6,600 $ 5,600 $ 19,800 Based on this information, which of the following amounts represents the average price PEP should charge per student for the month of January? Month Number of Students. Total Variable Cost Total Fixed Cost Multiple Choice O O о о $386.00 $317.50 $254.00 $482.50 March Total

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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