eBook The actual and planned data for Broadwater Institute & Technical School for the Fall term were as follows: Actual Planned Enrollment 4,500 4,500 Tuition per credit hour $115 $100 Credit hours 80,000 72,000 Registration, records, and marketing costs per enrolled student $300 $300 Instructional costs per credit hour $45 $40 Depreciation on classrooms and equipment $1,875,000 $1,875,000 Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of credit cost. Prepare a variable costing income statement showing the contribution margin and operating income for the Fall term. Broadwater Institute & Technical School Variable Costing Income Statement For the Fall Term Line Item Description Revenue Variable costs: Registration, records, and marketing costs Instructional costs Total variable costs Amount 9,200,000 Contribution margin Depreciation on classrooms and equipment Operating income Check My Work # 2 $ 44 1,350,000 X 3,600,000 4,250,000 X 4,250,000 X 1,875,000 2,375,000 X All work saved. MacBook Pro 5 % 25 6 9> E R T Y & 7 29 + * 8 - - - 9 Save and Exit Sub C D