Question
Need to calculate the forecast: (FTE = full-time-equivalent student, cost driver) using a quarterly cost function developed from the account analysis method. Actual Quarter 1
Need to calculate the forecast:
(FTE = full-time-equivalent student, cost driver)
using a quarterly cost function developed from the account analysis method.
| Actual Quarter 1 | Actual Quarter 2 | Forecast Quarter 3 | Forecast Quarter 4 | Forecast Total Year | |
| FTEs | 25 | 28 | 36 | 34 | 31 |
| Revenue | $64,042.00 | $71,358.00 | $317,663.00 | ||
| Variable Cost | $27,826.00 | $26,911.00 | |||
| Fixed Cost | $39,906.00 | $40,182.00 | |||
| Total Cost | $67,732.00 | $67,093.00 | |||
| Net Income | $(3,690.00) | $4,265.00 | |||
| Budget Income | $(676.00) | $6,347.00 | $24,097.00 | $22,309.00 | $52,077.00 |
| Difference | $(3,014.00) | $(2,082.00) |
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
