How were the actual results calculated? were they given?

Chapter 9 Exercise 9-12 continued The company planned to run three courses with a total of 45 students; however, it actually ran three courses with a total of only 42 students. The actual operating results for September appear below: Actual Results Flexible Budget Variances Revenue $32,400 Revenue $33,600 ($800x42 students) $1,200 U Instructor wages $9,080 Wages $160 F $9,240 ($3,080x3 courses) Classroom supplies $8,540 $10,920 ($260x42 students) Supplies $2,380 F $270 U $1,530 Utilities Utilities 1,260 ($870+($130x3 courses) $4,200 Campus rent $4,200 So Rent $1,890 Insurance $0 Insurance $1,890 Admin. expenses $3,790 Admin. Exp. $3483 ($3270+($15x3)+($4x42) $307 U Total Exp. Total Expenses $29,030 $30,993 $1,963 F $3,370 NOI $763 F NOI $2,607 2. Calculate the revenue and spending variances for September. Exercise 9-12 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 50 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Planning Budget: Fixed Cost Cost Cost per Month per Course per Student $36,000 ($800 x 45 students) $3,080 Instructor wages $9,240 ($3,080 x 3 courses) $260 Classroom supplies supplies $11,700 ($260 x 45 students) $870 $130 Utilities $1,260 ($870 ($130 x 3 courses)) Utilities 4,200 Campus rent $4,200 Rent $1,890 Insurance $1,890 Insurance $4 $15 Admin. Expenses 3,270 min. Exp. 3.495($3270+($15x3)+($4x45)) $31,785 For example, administrative expenses should be $3,270 per month plus $15 per course plus $4 per student. The company's sales should average $800 per student. The company planned to run three courses with a total of 45 students; however, it actually ran three courses with a total of only 42 students. Total Exp. $4,215 NOI 1. Prepare the company's planning budget for September Chapter 9 Exercise 9-12 continued The company planned to run three courses with a total of 45 students; however, it actually ran three courses with a total of only 42 students. The actual operating results for September appear below: Actual Results Flexible Budget Variances Revenue $32,400 Revenue $33,600 ($800x42 students) $1,200 U Instructor wages $9,080 Wages $160 F $9,240 ($3,080x3 courses) Classroom supplies $8,540 $10,920 ($260x42 students) Supplies $2,380 F $270 U $1,530 Utilities Utilities 1,260 ($870+($130x3 courses) $4,200 Campus rent $4,200 So Rent $1,890 Insurance $0 Insurance $1,890 Admin. expenses $3,790 Admin. Exp. $3483 ($3270+($15x3)+($4x42) $307 U Total Exp. Total Expenses $29,030 $30,993 $1,963 F $3,370 NOI $763 F NOI $2,607 2. Calculate the revenue and spending variances for September. Exercise 9-12 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 50 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Planning Budget: Fixed Cost Cost Cost per Month per Course per Student $36,000 ($800 x 45 students) $3,080 Instructor wages $9,240 ($3,080 x 3 courses) $260 Classroom supplies supplies $11,700 ($260 x 45 students) $870 $130 Utilities $1,260 ($870 ($130 x 3 courses)) Utilities 4,200 Campus rent $4,200 Rent $1,890 Insurance $1,890 Insurance $4 $15 Admin. Expenses 3,270 min. Exp. 3.495($3270+($15x3)+($4x45)) $31,785 For example, administrative expenses should be $3,270 per month plus $15 per course plus $4 per student. The company's sales should average $800 per student. The company planned to run three courses with a total of 45 students; however, it actually ran three courses with a total of only 42 students. Total Exp. $4,215 NOI 1. Prepare the company's planning budget for September