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Assume that a company has two cost driversnumber of textbooks and number of instructors. The planned number of textbooks and instructors were 5 and 100,

Assume that a company has two cost driversnumber of textbooks and number of instructors. The planned number of textbooks and instructors were 5 and 100, respectively. The actual number of textbooks and instructors were 6 and 110, respectively. One of the companys expenses is influenced by both cost drivers and it has a fixed element as well. Its cost formulas are $50 per textbook, $5 per instructor, and $1,000 per period. The total cost included in the flexible budget for this expense would be:

rev: 06_25_2020_QC_CS-208650

Multiple Choice

  • $1,750.

  • $2,050.

  • $1,850.

  • $1,950.

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