Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Corporation runs popular Hot and Cold, Fast and Slow Yoga workshops. The corporation bases its budget on two measures of activity: number of participants
Corporation runs popular "Hot and Cold, Fast and Slow Yoga" workshops. The corporation bases its budget on two measures of activity: number of participants and number of workshops. In 2021, the corporation budgeted for 300 participants and 15 workshops. The management used the following data in its budgeting: Revenue Instructor wages Workshop supplies Fixed cost per year VC per Participant VC per Workshop Tuition per Participant Administrative expenses $4,000 $1,000 $2,000 Actual results for the year appear below: $0 $10 $20 $50 $20 $30 $100 Number of Participants 280 Number of Workshops 18 Revenue $25,760 Instructor wages $8,480 $6,300 Workshop supplies Administrative expenses $9,840 Q) What is the F's total spending variance (i.e. variance for all expenses together) for 2021? (Just the amount.) A) $[
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started