The Gourmand Cooking School runs short cooking courses at its small campus. Mana
ID: 2461012 • Letter: T
Question
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers that 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 64 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
For example, administrative expenses should be $3,700 per month plus $42 per course plus $3 per student. The company’s sales should average $890 per student.
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers that 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 64 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
Explanation / Answer
ANSWER 1)
ANSWER 2) Please note that the since the picture uploads were not very clear, I was able to understand number of students as 66 . However, if this is incorrect and the question gives another number instead of 66, please correct the answer , which i have given below based on 66 students.
Classroom supplies = cost 290 * students 66 =19140
Administrative exp = 3700 + 42*2 +66*3=3982
ANSWER 3)
GOURMAND COOKING SCHOOL PLANNING BUDGET FOR THE MONTH ENDED SEPT 30 Revenue 56960 Expenses: instructor wages 5880 classroom supplies 18560 Utlities 1390 Campus rent 4800 insurance 2300 administrative exp 3976 total expenses 36906 Net Operating Income 20054Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.