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6 The Gourmand Cooking School runs short cooking courses at its small campus Management hos identified two cost drivers it uses in its budgeting and

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6 The Gourmand Cooking School runs short cooking courses at its small campus Management hos identified two cost 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 61 students enrolled in those two courses. Data concerning the company's cost formulas appear below 18 Tostrutor was Caso supplies ULI carpus ret Trance die apos Fixed cont per cont per cont per Course fut 5280 $1,230 75 04.100 $2.000 $3,9005 For example, administrative expenses should be $3,700 per month plus $41 per course plus $5 per student. The company's sales should average $880 per student The company planned to run four courses with a total of 61 students; however, it actually can four courses with a total of only 57 students. The actual operating results for September appear below Actual 350,780 Instructor wagen 61,300 Co wollen 016,30 1,30 Cent 04.900 1.140 $3.95 Required Prepare able budget performance report that shows both revenue and spending variances and activity variances for September indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None for no effectie tero variance). Input all amounts as positive values Check my work 6 Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September (indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance). Input all amounts as positive values.) 18 Gourmand Cooking School Flexible budget Performance Report For the Month Ended September ) Actuales Flexible Budget 4 Planning Budget Cours 57 5 YO Rower Expono Classroom Carpet 11,000 55,90 1,830 4,900 2.100 1,595 Adre Total Natom 5 1025 The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost 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 61 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Instructor wagen Classroom supplies Utilities Campus rent Insurance Administrative expenses Fixed Cont per cost per cost per Month Course Student $2.930 $280 $1,220 75 $4,900 $2,000 $3,700 For exemple, administrative expenses should be $3,700 per month plus $41 per course plus $5 per student. The company's sales should average $880 per student The company planned to run four courses with a total of 61 students; however, it actually ran four courses with a total of only 57 students. The actual operating results for September appear below: hetual $11,000 Revenge Instructor wages classroom supplies Utilities Campus rent Insurance Administrative expenses $50,780 $ 16,930 $ 1,930 $ 4.900 $ 2,140 $ 3,595 Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie., zero variance). Input all amounts as positive values.) ework Saved Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Actual Results Flexible Budget Planning Budget 4 Courses Students 57 $ 50,780 Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 11,000 16,930 1,930 4,900 2,140 3,595 40,495 10,285 $

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