The actual and planned data for Underwater Enrollment Tuition per credit hour Credit hours Actual Registration, records, and marketing costs per enrolled student Instructional costs per credit hour Depreciation on classrooms and equipment Planned 4,125 $135 43,200 $275 $60 $825,600 4,500 $120 60,450 $275 $64 $825,600 ber enrolled students, while instructional costs vary by t
The actual and planned data for Underwater Enrollment Tuition per credit hour Credit hours Actual Registration, records, and marketing costs per enrolled student Instructional costs per credit hour Depreciation on classrooms and equipment Planned 4,125 $135 43,200 $275 $60 $825,600 4,500 $120 60,450 $275 $64 $825,600 ber enrolled students, while instructional costs vary by t
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management
analysis
Section: Chapter Questions
Problem 18E: Variable costing income statement for a service company The actual and planned data for Underwater...
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![Variable Costing Income Statement for a Service Company
The actual and planned data for Underwater University for the Fall term were as follows:
Actual
Enrollment
Tuition per credit hour
Credit hours
cost.
4,125
$135
43,200
Registration, records, and marketing costs per enrolled student
$275
Instructional costs per credit hour
$60
Depreciation on classrooms and equipment
$825,600
$825,600
Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of credit hours. Depreciation is a fixed
Revenue
Variable costs:
Prepare a variable costing income statement showing the contribution margin and operating income for the Fall term.
Underwater University
Variable Costing Income Statement
For the Fall Term
Registration, records, and marketing costs
Instructional costs
4,500
$120
60,450
$275
$64
Total variable costs
Planned
Contribution margin
Depreciation on classrooms and equipment
Operating income
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Transcribed Image Text:Variable Costing Income Statement for a Service Company
The actual and planned data for Underwater University for the Fall term were as follows:
Actual
Enrollment
Tuition per credit hour
Credit hours
cost.
4,125
$135
43,200
Registration, records, and marketing costs per enrolled student
$275
Instructional costs per credit hour
$60
Depreciation on classrooms and equipment
$825,600
$825,600
Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of credit hours. Depreciation is a fixed
Revenue
Variable costs:
Prepare a variable costing income statement showing the contribution margin and operating income for the Fall term.
Underwater University
Variable Costing Income Statement
For the Fall Term
Registration, records, and marketing costs
Instructional costs
4,500
$120
60,450
$275
$64
Total variable costs
Planned
Contribution margin
Depreciation on classrooms and equipment
Operating income
Next
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