Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I just need the red ones corrected thanks! Exercise 10.35 The photocopying department in a community college has budgeted monthly costs at $38,000 per month
I just need the red ones corrected thanks!
Exercise 10.35 The photocopying department in a community college has budgeted monthly costs at $38,000 per month plus $7 per student. Normally 600 students are enrolled. During January there were 510 students (which is within the relevant range). At the end of the month, actual fixed costs were $41,800, and variable costs were $2,210. Your answer is correct. Develop a static budget for photocopying costs based on 600 students. Variable costs 4200 Fixed Costs 38000 Total Costs 42200 SHOW SOLUTION LINK TO TEXT LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Calculate the January static budget variance for fixed and variable photocopying costs. Variance Variable Costs 630 Favorable Fixed Costs 3800 Unfavorable Total Costs 2170 Unfavorable Your answer is partially correct. Try again. Develop a flexible budget for the actual volume of students in January Variable Costs 3570 Fixed Costs 41800 Total Costs 44370 Your answer is correct. Calculate the January Plexible budget variance for fixed and variable photocopying costs. Variance Variable Costs 1360 Favorable Fixed Costs 3800 Unfavorable Total Costs 2440 UnfavorableStep 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