Accountancy Question 1 Nightingale school is a partially government funded school in Raga land. It caters two types of students one whose parents are working in governmental sector and other one whose parents are working privately. The following details relating to above school are as under Mix of Student Subsidized students -SS Private students -PS 80% 20% Number of total students at present in the school studying amounting to be 3000. Fee structure of the school is as under 92 SS PS $ 600 per month $ 1000 p 0 per month Current costs at 100% of the capacity are as under Total $(000) Fix variable per year Administration 3000 20% Teaching and other Staff 80% 5000 30% 70% Depreciation 1600 100% Sundry 1450 100% Actual details for the year ended are as under: Capacity Attained 80% Student Mixing % SS 70% PS 30% $(000) Actual Cost alay at 80% Administration Variable 2700 Fix 800 Teaching and other staff 3400 1700 Depreciation 1550 Sundry 1650 You are required to calculate Budgeted as well as actual Profit of the school by preparing comparative income statement for the whole year