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

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 9EB: The cost data for BC Billing Solutions for the year 2020 is as follows: Using the high-low method,...

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