The actual and planned data for Broadwater Institute & Technical School for the Fall term were as
Question:
The actual and planned data for Broadwater Institute & Technical School for the Fall term were as follows:
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 cost.
Prepare a variable costing income statement showing the contribution margin and operating income for the Fall term.
Transcribed Image Text:
Enrollment Tuition per credit hour Credit hours Registration, records, and marketing cost per enrolled student Instructional costs per credit hour Depreciation on classrooms and equipment Actual 5,000 $115 80,000 $300 45 $1,875,000 Planned 4,500 $100 72,000 $300 40 $1,875,000
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Supporting calculations Revenue 115 80000 credit hours Registration records and marketing costs 30...View the full answer
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Related Book For
Financial And Managerial Accounting
ISBN: 9780357714041
16th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
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