: Apps Bookmarks BBC-Food-Recipes Overview-TWAS Pc a Ten lax Tips for Indiv conn

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: Apps Bookmarks BBC-Food-Recipes Overview-TWAS Pc a Ten lax Tips for Indiv connect ACCOUNTING Chapter 8 HW instructions Save & Exit)(su Question 5 (of 8) Save & Exit Sub value 1.00 points The Toque Cooking Academy 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 four courses in a month and have a total of 65 students enrolled in those four courses. Data conceming the company's cost formulas appear below Fixed Cost Cost per Cost per per Month Course Student 2,910 Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses S 300 $1,200 $ 55 5,000 $ 2.200 $3,900 45 $ 6 For example, administrative expenses should be $3.900 per month plus $45 per course plus $6 student. The company's sales should average $890 per student per The actual operating results for October appear below Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual S 54,950 S 10.920 $ 19.350 S 1,830 S 5,000 S 2.340 s 3.896

Explanation / Answer

Answer (5)

Classroom supplies (300*65)

Campus rent

Insurance

Administrative expenses 3900+(45*4)+(6*65)

Total expense (B)

Net operating income (A-B)

Classroom supplies (300*63)

Campus rent

Insurance

Administrative expenses 3900+(45*4)+(6*63)

Total expense (B)

Net operating income (A-B)

Classroom supplies

Campus rent

Insurance

Administrative expenses

Total expense

Net operating income

1 Planning Budget Revenue (A) (890*65) 57850 Expenses : Instructor wages (2910*4) 11640

Classroom supplies (300*65)

19500 Utilities 1200+(55*4) 1420

Campus rent

5000

Insurance

2200

Administrative expenses 3900+(45*4)+(6*65)

4470

Total expense (B)

44230

Net operating income (A-B)

13620 2 Flexible Budget Revenue (A) (890*63) 56070 Expenses : Instructor wages (2910*4) 11640

Classroom supplies (300*63)

18900 Utilities 1200+(55*4) 1420

Campus rent

5000

Insurance

2200

Administrative expenses 3900+(45*4)+(6*63)

4458

Total expense (B)

43618

Net operating income (A-B)

12452 3 Flexible Budget Flexible Budget (A) Actual Budget ( B) Spending Variance (Difference) Revenue 56070 54950 1120 Unfavourable Expenses : Instructor wages 11640 10920 720 Favourable

Classroom supplies

18900 19350 450 Unfavourable Utilities 1420 1830 410 Unfavourable

Campus rent

5000 5000 0 None

Insurance

2200 2340 140 Unfavourable

Administrative expenses

4458 3896 562 Favourable

Total expense

43618 43336 282 Favourable

Net operating income

12452 11614 838 Unfavourable

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