Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Verona Tech is a vocation school. The school bases its budgets on two measures of activity of students and number of courses. The school

image text in transcribed
2. Verona Tech is a vocation school. The school bases its budgets on two measures of activity of students and number of courses. The school uses the following data in its budgeting: Fixed cost per month $4,000 $1,000 Variable cost per Variable cost per student SO $10 course $20 $50 $30 Faculty wages Course supplies Administrative expenses $2,000 $20 In July, the school budgeted for 300 students and 15 courses. Actual results for the month appear below: Number of Students Number of Courses Faculty wages 280 18 $4.200 $4,800 Administrative expenses $8,300 Course supplies What is the spending variance for course supplies (choose the closest answery? A. $100 U B. $50 U C $100 F D. $50 F E. $350 F

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Accounting Uk Gaap Volume 1

Authors: Frank Wood, Alan Sangster

1st Edition

0273718762, 9780273718765

More Books

Students also viewed these Accounting questions