The Gourmand Cooking School runs short cooking courses at Its small campus. Management has identified two cos drivers it uses in Its budgeting and performance reports-the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 60 students enrolled fin those two courses. Data conceming the company's cost formulas appear below: Fixed Cost per Month Cost per Course $ 2,920 Cost per Student Instructor wages classroon supplies utilities $ 300 $ 1,210 $ 4,8ee $ 2,300 $ 3,800 $ 75 Campus rent Insurance Administrative expenses $ 40 $ 3 For example, administrative expenses should be $3,800 per month plus $40 per course plus $3 per student. The company's sales should average $870 per student. The company planned to run four courses with a total of 60 students; however, It actually ran four courses with a total of only 58 students. The actual operating results for September appear below:

The Gourmand Cooking School runs short cooking courses at Its small campus. Management has identified two cos drivers it uses in Its budgeting and performance reports-the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 60 students enrolled fin those two courses. Data conceming the company's cost formulas appear below: Fixed Cost per Month Cost per Course $ 2,920 Cost per Student Instructor wages classroon supplies utilities $ 300 $ 1,210 $ 4,8ee $ 2,300 $ 3,800 $ 75 Campus rent Insurance Administrative expenses $ 40 $ 3 For example, administrative expenses should be $3,800 per month plus $40 per course plus $3 per student. The company's sales should average $870 per student. The company planned to run four courses with a total of 60 students; however, It actually ran four courses with a total of only 58 students. The actual operating results for September appear below:

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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