er 9: Exercise -b 150 Minutes Check my work The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports-the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 62 students enrolled in those two courses. Data concerning the company's cost formulas appear below: HOR Instructor wages Classroon supplies utilities Campus rent Insurance Administrative expenses Fixed Cost Cost per Cost per per Month Course Student $ 2,60 1110 $1,240 $ 85 $ 5,100 12,000 $3,500 14 For example, administrative expenses should be $3,500 per month plus $44 per course plus $3 per student. The company's sales should average $890 per student The company planned to run four courses with a total of 62 students, however, it actually ran four courses with a total of only 58 students. The actual operating results for September were as follows: Actual $ 52,280 Revenue Navi Chapter 9: Exercise 9-6 (30 Minutes) Check my work 1 The company planned to run four courses with a total of 62 students; however, it actually ran four courses with a total of only sa students. The actual operating results for September were as follows: 100 DO Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $ 52,28 $ 11,120 $ 19,070 $ 1,990 $5,100 $ 2,340 Dos perc Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September (Indicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect the zero variance), Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Flexible Actual Results Planning Graw NILI Prey 1 of 1 !!! Next Check my work 1 Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Flexible Actual Results Budget 100 Planning Budget 4 Courses Students 58 Boo Prire $ 52.280 fence Reven Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 11.120 19.070 1.990 6.100 2.140 3.288 42.700 9,572 $ MC Graw Hill Prey Next er 9: Exercise -b 150 Minutes Check my work The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports-the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 62 students enrolled in those two courses. Data concerning the company's cost formulas appear below: HOR Instructor wages Classroon supplies utilities Campus rent Insurance Administrative expenses Fixed Cost Cost per Cost per per Month Course Student $ 2,60 1110 $1,240 $ 85 $ 5,100 12,000 $3,500 14 For example, administrative expenses should be $3,500 per month plus $44 per course plus $3 per student. The company's sales should average $890 per student The company planned to run four courses with a total of 62 students, however, it actually ran four courses with a total of only 58 students. The actual operating results for September were as follows: Actual $ 52,280 Revenue Navi Chapter 9: Exercise 9-6 (30 Minutes) Check my work 1 The company planned to run four courses with a total of 62 students; however, it actually ran four courses with a total of only sa students. The actual operating results for September were as follows: 100 DO Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $ 52,28 $ 11,120 $ 19,070 $ 1,990 $5,100 $ 2,340 Dos perc Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September (Indicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect the zero variance), Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Flexible Actual Results Planning Graw NILI Prey 1 of 1 !!! Next Check my work 1 Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Flexible Actual Results Budget 100 Planning Budget 4 Courses Students 58 Boo Prire $ 52.280 fence Reven Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 11.120 19.070 1.990 6.100 2.140 3.288 42.700 9,572 $ MC Graw Hill Prey Next
