Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Beatrice Math offers two tutoring models: individual and group. The individual model provides one-on-one tutoring while the group model consists of groups of no more

Beatrice Math offers two tutoring models: individual and group. The individual model provides one-on-one tutoring while the group model consists of groups of no more than four students. The individual model has a budgeted average price of $275. The group model has a budgeted average price of $75. The manager of the tutoring center believes that 65 percent of the customers will choose the group model. The individual model averages $185 and the group model averages $45 in budgeted variable cost. The manager estimates that about 160 people will purchase tutoring services in any month.

For October, the tutoring center served a total of 170 customers, including 110 that chose the group option.

Required: a. Compute the sales activity variance for the tutoring center for October. b. Compute the mix and quantity variances for October.

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

Principles Of Cost Accounting

Authors: Robert E. Schmiedicke, Charles F. Nagy, Edward J. Vanderback, E.J. Vanderbeck C.F. Nagy

9th Edition

0538812915, 978-0538812917

More Books

Students also viewed these Accounting questions

Question

What do you like to do for fun/to relax?

Answered: 1 week ago

Question

=+2. Explain the interactions in the newspaper and magazine market!

Answered: 1 week ago